New Delhi, June 27 -- Sugandha Hiremath Kalyani, sister of industrialist Baba Kalyani, has alleged that her younger brother Gaurishankar Kalyani "fraudulently" transferred family assets in Karad, a city in Satara near Pune, to himself.

In a fresh affidavit filed before a Pune civil court on Friday, Sugandha alleged Gaurishankar misused a 2008 power of attorney (POA) granted by their father, Dr. Neelkanth Kalyani, to "illegally and wrongfully" transfer two prime properties to his name. Mint has seen a copy of the affidavit.

Sugandha claimed the POA was meant solely for managing the assets and was dishonestly amended to include powers of gifting and transferring. She submitted court statements from Prakash Honrao, an employee of Gaurishan...