 "Shrinking to Expand: Dumping earlier plans to demerge key verticals and list each, brothers Shivinder Mohan Singh (left) and Malvinder Mohan Singh are now focusing on lending and securities arms")
Lawyer Harish Salve, appearing on behalf of ex-Ranbaxy promoters Malvinder Singh and Shivinder Singh, told Delhi high court on Wednesday that Daiichi Sankyo had full knowledge of all affairs of Ranbaxy at the time of stake purchase in the company in 2008.
Highlighting e-mails of Daiichi’s top brass during the time of negotiations, Salve told court the Japanese pharmaceutical major’s claims of misrepresentation of critical information about Ranbaxy was a farce to extract unjustified reparations from the Singh brothers. “Even after knowledge of the situation, Daiichi bought the company. Now they (Daiichi) make tall claims of misrepresentation. These (Daiichi’s senior management)
