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Religare fraud: What led to Singh brothers' arrest in the Rs 2,400-cr case

The police also arrested former Religare Finvest MD Kavi Arora, and former Religare Group CFO Anil Saxena along with former Religare MD Sunil Godhwani

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Shivinder Mohan Singh, vice chairman, Fortis Healthcare and Religare, with Malvinder Singh, chairman and CEO, Ranbaxy Laboratories, coming out from Delhi Police Economic offences Wing in New Delhi on Friday/PHOTO-DALIP KUMAR

BS Reporter Mumbai

4 min read Last Updated : Oct 11 2019 | 3:57 PM IST

Former promoters of pharma major Ranbaxy, hospital chain Fortis and financial services firm Religare - Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh - were arrested by the Economic Offences Wing (EoW) of Delhi Police after some high octane drama for allegedly causing wrongful loss worth Rs 2,397 crore to Religare Finvest Ltd. Shivinder was nabbed in the afternoon, while his elder brother Malvinder was arrested in Ludhiana (Punjab) late night after a brief search.

Along with the Singh brothers, the police also arrested former Religare Finvest MD Kavi Arora, and former Religare Group CFO Anil Saxena along

Topics : Religare Ranbaxy Ranbaxy Daiichi Sankyo Malvinder Singh and Shivinder Singh Ranbaxy Laboratories Religare case Religare Finvest