Malvinder Singh, his brother Shivinder and three others were arrested for allegedly misappropriating funds of Religare Finvest Ltd (RFL) and causing it losses of Rs 2,397 crore.
File photo of Malvinder Singh and Shivinder Singh. (Courtesy: Reuters)
New Delhi: A Delhi court Friday granted the police 4-day custody of former Fortis Healthcare promoters Malvinder Singh, his brother Shivinder and three others, arrested for allegedly misappropriating funds of Religare Finvest Ltd (RFL) and causing it losses of Rs 2,397 crore.
Chief Metropolitan Magistrate Deepak Sherawat allowed custodial interrogation of the five people arrested by the Economic Offences Wing (EOW) of Delhi Police.
Malvinder (46) was arrested on Friday morning while Shivinder (44), Sunil Godhwani (58), the former chairman and managing director of Religare Enterprises Ltd (REL), Kavi Arora (48) and Anil Saxena, who occupied important positions in REL and RFL, were arrested Thursday by the EOW for allegedly diverting the money and investing in other companies.
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