Zoho's Sridhar Vembu ordered to post $1.7B bond in US divorce case

A US court has ordered Zoho co-founder Sridhar Vembu to post a $1.7 billion bond in his ongoing divorce proceedings with his ex-wife, Pramila Srinivasan. The court cited a lack of transparency in financial transactions and actions taken "without regard for the law." A receiver has been appointed to oversee Zoho entities and personal assets to protect Srinivasan's rights, and a significant asset transfer has been paused.

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