Indian-Swiss Tycoon faces tax troubles worth $137 million in Switzerland

Hinduja, along with three brothers, is a co-founder and leader of the conglomerate, which employs over 150,000 people in sectors such as information technology, media, power, real estate, and health care.

Indian-Swiss Tycoon faces tax troubles worth $137 million in Switzerland
Prakash Hinduja

The highest court in Switzerland has ruled that an Indian Swiss tycoon, Prakash Hinduja, could owe the Geneva region more than 125 million francs, which about $137 million in back taxes, following allegations that he tried to pass him off as a Monaco resident and forged the value of his fortune.

According to Swiss media reports, the Federal Tribunal in Lausanne upheld a decision to freeze Hinduja's assets on Aug. 17 in connection with a much larger tax debt to local authorities than he had claimed initially between 2008 and 2017.