Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 12, 2019

Enforcement Directorate Arrests Shivinder Singh In Religare Finvest PMLA Case

Enforcement Directorate Arrests Shivinder Singh In Religare Finvest PMLA Case
File photo of Shivinder Singh. (Photographer: Sanjit Das/Bloomberg News)

The Enforcement Directorate on Thursday arrested former Fortis Healthcare promoter Shivinder Singh in a money laundering case related to alleged misappropriation of funds at Religare Finvest Ltd., officials said.

They said an ED team reached the Tihar jail in New Delhi and placed Shivinder Singh under arrest as per provisions of the Prevention of Money Laundering Act.

Shivinder Singh was in judicial custody after the Delhi Police's Economic Offences Wing had arrested him and others recently.

A Delhi Court had on Thursday rejected his bail plea in this police case.

The ED had earlier arrested Shivinder Singh's brother Malvinder Mohan Singh in this case.

RFL is a group firm of Religare Enterprises Ltd., which was earlier promoted by the Singh brothers.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search