Fortis Probe

The Supreme Court on Friday agreed to hear during the day itself a plea seeking grant of interim bail to former promoter of Fortis Healthcare Ltd Malvinder Mohan Singh in view of the critical condition of his wife. A bench comprising Chief Justice Uday Umesh Lalit and Justice Bela M Trivedi took note of the submissions of senior advocate Kailash Vasudev, appearing for Singh, that the plea be heard urgently as the condition of his wife is critical due to decrease in her platelet count The top court issued notice to the standing counsel of the Delhi government and posted the plea for hearing at 1 pm. Singh is presently lodged in Tihar jail in a case related to alleged misappropriation of funds at Religare Finvest Limited (RFL). In September this year, the Supreme Court awarded a six-month jail term to Singh in a contempt case related to the sale of shares of Fortis to Malaysia-based IHH Healthcare.

The court also extended till December 23 the judicial custody of Malvinder and Godhwani in a separate money laundering case related to the misappropriated funds scam

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

In October, the Sebi had directed Fortis to take necessary action to recover Rs 403 cr from Singh brothers

Fortis Healthcare has also come under the lens of markets regulator Sebi, which launched an investigation into the alleged regulatory lapses

Fortis Healthcare has also come under the lens of markets regulator Sebi, which launched an investigation into the alleged regulatory lapses