Business Standard

RFL scam: Court extends till Nov 14 judicial custody of ex-Fortis promoters Malvinder, Shivinder


Press Trust of India New Delhi
A Delhi court Thursday extended till November 14 the judicial custody of former Fortis Healthcare promoters Malvinder Singh and his brother Shivinder for allegedly misappropriating funds of Religare Finvest Ltd (RFL).
Metropolitan Magistrate Deepak Sherawat also extended the judicial custody of three others, Sunil Godhwani, Kavi Arora and Anil Saxena, till November 14.
On October 23, the court was informed that the settlement talks between the Singh brothers and RFL remained inconclusive as no proposal was given to the company by them.
Malvinder (46), Shivinder (44), Godhwani (58) and Arora (48) and Saxena, were arrested by the Economic Offences Wing (EOW) of Delhi Police for allegedly diverting the money and investing in other companies.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 31 2019 | 6:21 PM IST

Explore News