New Delhi: The bitter family feud between brothers Malvinder and Shivinder Mohan Singh, former promoters of Fortis Healthcare, Ranbaxy Laboratories, and Religare Enterprises, has escalated to involve their spouses.
On a complaint by Malvinder’s wife Japna, Delhi Police’s Economic Offences Wing (EOW) has now booked Shivinder’s wife Aditi.
In a police complaint last October, Japna accused Aditi and Shivinder, among other senior members of Flt Lt Rajan Dhall Charitable Society—the trust that runs the Fortis Hospital in Vasant Kunj—of illegally taking away her membership of the trust.
The move, Japna claimed, was part of an alleged conspiracy to usurp the assets and annual earnings of the trust.
The trust, according to her complaint, has assets worth Rs 500 crore, including prime land in Vasant Kunj and an annual revenue of nearly Rs 30 crore from Fortis Hospital operations in the area.
The brothers had a falling out and came to blows in December 2018—at least a year before the Delhi Police EOW booked them on charges of misappropriation of funds. Then, in 2019, they were arrested for allegedly siphoning off over Rs 2,000 crore from Religare Finvest Limited, a non-banking financial company (NBFC).
They are currently out on bail and facing their trials in Delhi’s Saket court on charges of criminal conspiracy and cheating.
The FIR against the brothers was based on allegations made in December 2018 by the new management of the group company Religare Enterprises Limited (REL), led by Rashmi Saluja.
The firm has since been acquired by the Burman family of Dabur group.
The Religare management accused the Singh brothers and other former office-bearers of giving unsecured loans to shell companies linked to themselves, willfully defaulting on payments, forcing RFL into losses of Rs 2,397 crore.
Now, a fresh FIR involving their wives—which was registered Thursday—opens a new chapter in the rivalry between the siblings who once spearheaded giant corporate brands, taking it to new heights after the death of their entrepreneur father, Parvinder Singh.
The brothers-turned-business partners had worked closely for close to two decades before they split.
Aditi has been booked under IPC sections 409 (criminal breach of trust), 467 (forgery of valuable security, wills, or authority documents), 468 (forgery for purpose of cheating), 471 (using as genuine a forged document or electronic record), and 120-B (criminal conspiracy).
ThePrint contacted Aditi’s and Shivinder’s lawyer, Advocate Shiven Varma, who refused to comment on the development, saying there were no “instructions” from his clients to give statements to the media.
A Fortis Healthcare spokesperson ThePrint contacted also refused to comment.
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‘Conspiracy to usurp assets’
Japna Malvinder Singh, in her complaint, alleged that Aditi and Shivinder Singh, along with some of the society’s members, removed several others, including her, from the trust’s committee, replacing them with Aditi’s mother, brother, and a close relative. According to the complaint, Japna only discovered these changes during an inspection of a register of society members in March 2025.
She said that she thereafter commissioned a forensic audit into the functioning of the trust over “concerns about mismanagement, exclusion of legitimate members, and potential fraud”.
The forensic audit, according to her complaint, allegedly revealed that Aditi, Shivinder, and some other executive committee members hatched a conspiracy to illegally remove her and several other “rightful owners” of the trust.
In her complaint, which ThePrint has seen as part of the FIR, Japna tried to establish the “fraudulent” and “criminal” intent of the accused, claiming they wanted to remove her and other “legitimate” members from the society to then illegally gain exclusive control over its substantial assets and revenue streams.
“By unlawfully excluding me and other members as mentioned in Enclosure B, Mrs Aditi Singh and Mr Shivinder Mohan Singh, along with their family members and associates, have sought to usurp control over the society’s Rs 500 crore land holdings, Rs 30 crore annual revenue, thereby securing personal financial benefits to the accused persons hence, undermining the society’s charitable objectives,” she alleged.
With these claims, Japna demanded a “thorough” police examination of the society’s bank accounts, alleging a possible diversion of Rs 30 crore of annual revenue through unauthorised transactions.
“The diversion of funds through unauthorised transactions for their personal benefit…requires a detailed examination by police officials of the society’s bank accounts to identify any leakage or misappropriation,” read her complaint.
She also referred to the forensic audit conducted at her instruction, highlighting a significant gap in society meeting records, with “no documentation available for the meetings held between 29 April 2018 and alleged to be held on 20 May 2024—spanning six years, suggesting deliberate suppression to conceal governance activities”.
These breaches, according to her complaint, “deprived legitimate members of their governance rights, led to the misappropriation of the society’s Rs 500 crore assets, and Rs 30 crore annual revenue, and undermined the society’s ability to fulfil its charitable objectives in healthcare and public welfare”.
(Edited by Madhurita Goswami)
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