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Indian-origin banker ordered to give assets to ex-wife in UK

Indian origin banker ordered to give assets to ex wife in UK pardesi news 1466070944

A "reckless" Indian-origin banker has been ordered by the UK court to hand over his remaining assets to his former wife to prevent him from betting them away.

Amit Goyal, 39, who had worked at high-flying jobs at well-known banks in the heart of the financial district in London, has got drawn into spread-betting and lost much of his fortune. The Indian-origin banker, , now believed to be living in heavy debt,  has been ordered by the UK court to hand over his remaining assets to his former wife, 35-year-old wife Ankita Ghuman, to prevent him gambling them away.

Goyal appealed against the order but Justice Cobb dismissed his appeal against the previous court decision at the Court of Appeal in London, ruling that Goyal’s financial recklessness to the detriment of his family meant he should be stripped of his remaining ‘depressingly limited’ assets.   

"The husband had frittered away the matrimonial assets. Having dissipated all the wealth of the family, this husband should not have a penny more," the court ruled.

During his heyday, the banker husband was earning up to 300,000 pounds a year as a trader in London and spent much of it on a high-end lifestyle with his then wife. The couple split a few years ago and had been in a legal battle over their finances.  

As part of the divorce settlement, Goyal must surrender 19,000 pounds in shares to his ex-wife, also paying her 500 pounds a month in maintenance, and share his pension with her.

Goyal plans to challenge the court ruling and claims he does not have a pension.

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Patrick Callahan

Pardesi News Reporter

Pardesi News Reporter

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