Singh's brother Malvinder (46), also a former Fortis Healthcare promoter, former CMD of Religare Enterprises Ltd (REL) Sunil Godhwani (58), Kavi Arora (48) and Anil Saxena were arrested by the Economic Offences Wing (EOW) of Delhi Police for allegedly diverting RFL's money and investing it in other companies.
A Delhi court Thursday dismissed the bail plea of former Fortis Healthcare promoter Shivinder Singh in a case related to alleged misappropriation of funds at Religare Finvest Ltd (RFL).
Shivinder Singh and his elder brother Malvinder Singh, former promoters of pharmaceutical giant Ranbaxy, popular hospital chain Fortis and financial services firm Religare, have been arrested by the Economic Offences Wing (EOW) of Delhi Police in a Rs 740 crore fraud case.
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