Religare case: Delhi court dismisses bail plea of ex-CEO Maninder Singh

A Delhi court Thursday dismissed a bail application of former CEO of Religare Enterprises Limited (REL) Maninder Singh in a case related to alleged siphoning of Rs 2,397 crore.

Additional Sessions Judge Sandeep Yadav dismissed the bail plea of Singh, arrested on October 27, considering the severity and seriousness of the crime allegedly committed by him.

Former Fortis Healthcare promoters Malvinder Singh, his brother Shivinder Singh, former CMD of REL Sunil Godhwani (58), Kavi Arora (48) and Anil Saxena were arrested in the case by the Economic Offences Wing (EOW) of Delhi Police last year, for allegedly diverting Religare Finvest Ltd's money