Malvinder Singh's contract under Fortis Healthcare board scanner

While Singh has tendered his resignation as a director of the board, he continues to be an employee of Fortis, and is thus entitled to receive the Rs 120 million per annum remuneration

Fortis Healthcare board, which met on Monday to approve its fourth quarter and financial year results, may soon take a call on the employment contract of erstwhile promoter and executive chairman Malvinder Singh. 

Sources claimed that the newly-constituted board may be discontinuing the employment of Singh, who after resigning as a director, continues as lead, strategic initiatives, of Fortis Healthcare. An email sent to Fortis did not elicit any response. 

Malvinder, who along with brother Shivinder resigned from the Fortis board in February, was appointed at the strategic initiatives for a period of five years with effect from October 2016