Religare Finvest case: ED files charge sheet against Singh brothers

Religare said in a statement that ED's move vindicates its claim that the erstwhile promoters and Godhwani were at the helm of affairs when the frauds were committed

The Enforcement Directorate Friday filed a charge sheet against former Fortis Healthcare promoters Shivinder Singh and his brother Malvinder before a Delhi court in a case related to alleged misappropriation of funds at Religare Finvest (RFL).

The final report, filed before Additional Sessions Judge Sandeep Yadav, also named former CMD of Religare Enterprises (REL) Sunil Godhwani (58) as an accused.

In the charge sheet, filed by ED’s Special Public Prosecutor Nitesh Rana, the probe agency has accused all three of money laundering, punishable under sections 3 and 4 of the Prevention of Money Laundering Act. 

The court took cognisance of the charge sheet