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Religare case: Delhi court dismisses Shivinder Mohan Singh's bail plea

Economic offenses having deep-rooted conspiracies and involving loss of public funds need to be viewed seriously, says court

Shivinder Singh (left) and Malvinder Singh

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ED had told the court that there is enough evidence to initiate proceedings against the three accused under the charges of the Prevention of Money Laundering Act.

ANI New Delhi

3 min read Last Updated : Jun 18 2020 | 6:55 AM IST

A Delhi court on Wednesday dismissed former Fortis Healthcare Promoter Shivinder Mohan Singh's plea seeking to be released on bail in a money laundering case related to alleged misappropriation of funds at Religare Finvest Ltd.

Additional Sessions Judge Sandeep Yadav said the accused Shivinder Mohan Singh utilised the proceeds of crime and various acts attributed to him regarding the advancement of unsecured loans to different entities have come to the light during the investigation.

The court observed that the amount involved in the present case is huge (Rs 2,397 crore).

"It has been held in a catena of judgments that

Topics : Religare Fortis Healhcare Shivinder Singh