Malvinder and Shivinder Mohan Singh, the former promoters of Fortis Healthcare, have not been on speaking terms for months now.
New Delhi: Businessmen brothers Malvinder Mohan Singh and Shivinder Mohan Singh, the former promoters of Fortis Healthcare and Ranbaxy Ltd, have accused each other of physical assault in the latest episode of their spiraling dispute.
In a 30-second video that went viral Thursday, Malvinder claimed that he had been assaulted by his sibling at Delhi’s Hanuman Road around 6 pm Wednesday, and showed the purported wounds.
“Today is December 5 2018. A little after 6 pm, Shivinder Mohan Singh assaulted me at 55 Hanuman Road,” he is heard saying. “He physically hit me. He hurt me. He injured me here. He broke this button and bruised me here. He kept threatening me and refused to budge until [the] team here separated him from me.”
However, according to a report by The Times of India, Shivinder has dismissed Malvinder’s claims as “false and fabricated”. Shivinder, the report said, instead claimed to have been hit by Malvinder.
He reportedly just stopped short of filing a police complaint against Malvinder following a request from family members, including their mother.
As has been reported earlier, their mother was instrumental in getting the sparring brothers to agree to arbitration earlier this year after Shivinder took his brother and family friend Sunil Godhwani to the National Company Law Tribunal over the alleged “oppression and mismanagement” of their business ventures.
According to The Times of India report, Malvinder has alleged that the assault was preceded by his younger brother’s alleged attempts to disrupt the board meeting of a group company, Prius Real Estate.
Another report in The Economic Times quoted sources close to Shivinder as saying that Malvinder’s video was an attempt to gain sympathy and that nothing had happened to him.
“The altercation seemed to have happened when Malvinder allegedly tried to record some statements from the staff,” the news report said.
The two brothers have not been on talking terms for months now, but are known to have been attending office once in a while.
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Besieged brothers
Meanwhile, the Delhi High Court is slated to take up the arbitration proceedings between Japanese drug major Daiichi Sankyo and the brothers over allegations that the latter withheld information about wrongdoing at Ranbaxy when it was acquired by the Tokyo-based firm in 2008.
The Singhs owe $500 million to Daiichi Sankyo in connection with the case.
The Serious Fraud Investigation Office (SFIO) is also currently probing alleged irregularities in Fortis that took place on their watch.
Shivinder had earlier claimed that he had retired and taken to a spiritual life by joining the Radha Soami Satsang Beas. He subsequently claimed that Fortis Healthcare was in good financial health at the time he left and, therefore, he could not be held accountable for any wrongdoing.