Former Fortis promoters Malvinder and Shivinder Singh sent to 14-day judicial custody
India

Former Fortis promoters Malvinder and Shivinder Singh sent to 14-day judicial custody

Brothers Malvinder and Shivinder Singh were arrested last week for allegedly misappropriating funds of Religare Finvest Ltd (RFL).

   
Former Ranbaxy, Fortis and Religare promoters Malvinder (left) and Shivinder Singh

Former Ranbaxy, Fortis and Religare promoters Malvinder (left) and Shivinder Singh | ANI Photo

New Delhi: A Delhi court on Thursday remanded former Fortis Healthcare promoters Malvinder Singh and his brother Shivinder Singh to 14-day judicial custody for allegedly misappropriating funds of Religare Finvest Ltd (RFL).

Metropolitan Magistrate Nishant Garg also sent three others, Sunil Godhwani, Kavi Arora and Anil Saxena to judicial custody till October 31.

The Singh brothers had moved a bail plea which will be heard later along with that of Arora tomorrow.


Also read: Cases that took Malvinder, Shivinder Singh from Forbes billionaires’ list to police custody