ThePrint Exclusive: While brothers face trial in separate case, Delhi Police’s Economic Offences Wing has booked Shivinder’s wife, Aditi, after a complaint by Japna, Malvinder's wife.
The fight for Fortis, allegedly defrauded by founders Malvinder & Shivinder Singh, has seen 4 takeover bids, 2 scrapped deals, and most of the board being replaced.
Amid govt's crackdown on defaulting borrowers, former Ranbaxy and Fortis promoters Malvinder & Shivinder Singh have been arrested for routing money to a spiritual leader and a fraud case.
Billionaire Malvinder Singh claims that his brother Shivinder acquired 6 companies to write off debts of their spiritual guru, who allegedly threatened him.
The founders had taken at least 5 billion rupees of Fortis Healthcare’s cash without board approval. The market regulator, and India’s Serious Fraud Investigation Office, are looking into the company and auditors have refused to certify financial results.
Kumar and Amma's actions matter. In a country where collective complacency has calcified into a survival strategy, watching someone say 'no' feels radical.
UCBs accounted for 1.8% of total industry credit in September 2025—down from 2.2% five yrs ago—showing that they are losing ground to faster PSU banks.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
COMMENTS