US Court Orders Zoho Co-Founder Sridhar Vembu to Post $1.7 Billion Bond in Divorce Case
16 hours agoBusiness
40LENS
6 SourcesCalifornia, United States
TBNthebalanced.news
US Court Orders Zoho Co-Founder Sridhar Vembu to Post $1.7 Billion Bond in Divorce Case

A California court has ordered Zoho co-founder Sridhar Vembu to post a $1.7 billion bond in his ongoing divorce case with ex-wife Pramila Srinivasan. The court also appointed a receiver for US-based Zoho entities and personal assets, citing concerns over asset transfers that could prejudice Srinivasan's rights to marital property. The order aims to protect community assets acquired during their nearly three-decade marriage, as per California law. Vembu's public image contrasts with the court's findings regarding his actions in the divorce proceedings.

Political Bias
33%34%33%
Sentiment
42%