Zoho founder Sridhar Vembu (left) and his attorney Christopher C Melcher (right) / X/@svembu and X/@CA_Divorce
Zoho founder Sridhar Vembu’s attorney Christopher C Melcher has broken silence on his client’s $1.7 billion bond in his ongoing divorce case, by responding to an article shared on X with what the counsel referred to as ‘some missing facts.’
Melcher replied to a post on X that shared an article titled, “US court orders Sridhar Vembu to post $1.7 billion bond in divorce case,” and wrote that the hefty order was made a year ago on an emergency application by Vembu’s estranged wife, Pramila Srinivasan.
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Melcher claimed that Srinivasan made “outrageously false allegations” against Vembu, and the California judge was "completely misled" by the opposition's attorney, who he claimed is not even licensed to practice law in California.
Melcher’s reply on X further mentioned that Srinivasan has declined Vembu’s offer and read,
“Sridhar offered his wife 50% of his shares in ZCPL, but to this day she has refused to accept the stock. Instead, she has claimed that Sridhar is trying to cheat her in the divorce. This makes no sense as she could take her half of the shares now and Sridhar has already transferred his interest in the family home to her.”
Melcher claimed that instead of ‘acting honorably’ during the process, the judge was ‘fooled into making an order’ that asks Vembu to post a $1.7 billion bond for Srinivasan’s protection.
“There is no legal authority for such an order. A subsequent judge acknowledged that the amount seemed absurd. Sridhar was able to borrow up to $150 million against his shares which was the extent of his ability to comply but the wife would not accept the money,” wrote Melcher.
Vembu’s attorney referred to this move as a ‘waste of time’ by Srinivasan, stating his client to be in ‘full compliance with all lawful orders of the California,’ and labeled the $1.7 billion bond order as ‘invalid.’
Melcher concluded his response by saying,
“I am honored to represent Sridhar and to have been given the opportunity to know such a wonderful person. This case does not define him and mirrors the bad actions of his wife and her New York attorney.”
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