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Sunday, 15 October, 2000, 18:43 GMT 19:43 UK
Asian businessmen to bid for Express

The richest and best-known Asian businessmen in Britain, the Hinduja brothers, have announced that they intend to bid for the ailing Express Newspapers group.

Reports say they'll offer about a-hundred-and-fifty-million dollars.

Correspondents say the Daily Express has a glorious history, but has more recently fallen on hard times.

The Hinduja group is based in London but the four brothers were born in India and continue to play a big role in commercial life there. Two have recently become British citizens, while a third has taken out Swiss nationality. Police in India have formally accused them of involvement in a bribes scandal relating to the Swedish arms company Bofors.

They deny the charges.

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