Fortis Healthcare, Religare Enterprises down upto 8% on talk of fraud probe

Religare Enterprises locked in lower circuit of 5% at Rs 60, while Fortis Healthcare was trading 5% lower at Rs 139, after falling 8% to Rs 135 on the BSE in intra-day trade.

Fortis Healthcare and Religare Enterprises were down up to 8% on the BSE in intra-day trade after media report suggested that Fortis promoters Malvinder Singh and Shivinder Singh will soon receive summons from Serious Fraud Investigation Office (SFIO) in connection with alleged financial irregularities. CLICK HERE TO READ FULL REPORT

“We would like to submit that the company has not received any communication, written or otherwise, from any government authority with regard to such a purported investigation and as such we have no knowledge of any investigation against the company,” Fortis Healthcare clarified with respect to news