Daughter of one of Britain’s richest men accuses bankers of ‘toxic culture’ against women saying ‘deeply patriarchal’ investors refuse to lend to mothers fearing they will put their families first

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Shanu Hinduja, 55, daughter of the man who topped this year's Sunday Times Rich List, has hit out at the 'toxic culture' in banking against women
Shanu Hinduja, 55, daughter of the man who topped this year’s Sunday Times Rich List, has hit out at the ‘toxic culture’ in banking against women

The daughter of the man who topped this year’s Sunday Times Rich List has hit out at the ‘toxic culture’ in banking against women.

Shanu Hinduja, 55, is the daughter of Srichand and the niece of Gopichand – who were shown to have a fortune of £22billion on last week’s Rich List. 

She said female entrepreneurs’ requests for loans were ignored and left by the wayside by bankers because of a ‘deeply patriarchal’ system. 

Speaking to the Sunday Times, she said: ‘It remains widely accepted among investors that women – especially those of childbearing age – aren’t going to give their business ideas their full efforts and attention’.  

Ms Hinduja, who is the chairwoman of Hinduja bank, believes that women are ‘underrepresented at all levels of the global financial system’. 

She is the niece of Gopichand Hinduja who topped last week's Rich List with his brother Srichand by having a fortune of £22bn
She is the niece of Gopichand Hinduja who topped last week’s Rich List with his brother Srichand by having a fortune of £22bn
She is the daughter of Srichand Hinduja
She is the daughter of Srichand Hinduja
Ms Hinduja, who is the chairwoman of Hinduja bank, believes that women are 'underrepresented at all levels of the global financial system'
Ms Hinduja, who is the chairwoman of Hinduja bank, believes that women are ‘underrepresented at all levels of the global financial system’

Britain’s five largest banks have all-male chairman and chief executive teams and a recent Treasury report found that less than one per cent of venture capital funds are given to start-ups run entirely by women. 

The Hinduja Group was founded in 1914 by the Parmanand Deepchandh Hinduja who traded in tea and carpets. 

It is now the parent of 26 other companies and has stakes in oil, gas, energy, media and banking. 

The family was hit by controversy in 2000 when Srichand, Gopichand and their brother Prakash were charged in connection with the Bofors scandal. 

Swedish bank Bofors stood accused of bribing Government officials in relation to the $1.3billion sale of weapons to the Indian Government in 1986. 

By 2005 the brothers were cleared of all charges due to a lack of evidence.

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