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<\/p>\nSridhar Vembu, Zoho Corp’s chief executive officer (CEO), said on Tuesday a report that he financially abandoned his wife and son is “complete fiction”.<\/p>\n
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An article in Forbes<\/em> magazine alleged Vembu, founder of the Indian SaaS company, had abandoned his wife Pramila Srinivasan and their special needs son in the US in 2020.<\/p>\n Srinivasan and Vembu are fighting a divorce case in California.<\/p>\n The article alleged that Vembu transferred to his relatives some shares he owned without discussing the matter with Srinivasan.<\/p>\n “It is complete fiction to say I financially abandoned Pramila and my son.<\/p>\n “They enjoy a far richer life than I do and I have supported them fully.<\/p>\n “My US salary for the last three years has been with her, and I gave our house to her.<\/p>\n “Her foundation also is supported by Zoho,” said Vembu on Twitter.<\/p>\n Vembu denied that he transferred shares.<\/p>\n “I will say this unequivocally: I never ever transferred my shares in the company to anyone else.<\/p>\n “I lived in the US for the first 24 years of our 27 year history and much of what constitutes the company was built in India.<\/p>\n “That is reflected in the ownership,” he said.<\/p>\n “All of this mess was caused by my uncle Ram (my father’s younger brother) living in the US, who I gave shelter to due to his terminal cancer, taking out his own long running frustrations with my father.<\/p>\n “He is doing that by spreading malicious rumours about me and my siblings,” he said.<\/p>\n