A tycoon said yesterday he was saddened by his in-laws' claims that he had mismanaged his late father-in-law's estate. But Hari Harilela and his wife, Padma Harilela, said in a statement 'to put the record straight' that they were not worried by a writ filed on Monday which accuses the tycoon, the chairman of the Harilela Hotels Group, of causing loss to the estate while making profits for himself. The Harilelas said they would 'vigorously defend the action'. Lal Manghanmal Hiranand, Mrs Harilela's brother, and his family are seeking unspecified damages from the most prominent Indian couple in Hong Kong. The Harilelas are accused of mismanaging the estate of Manghanmal Hiranand Ramchandani, who died in 1994. The Harilelas said they were named as executors and trustees of the estate in a 1986 will which named Lal Manghanmal Hiranand the sole beneficiary. They said they had carried out their duties diligently and honestly.