 "Shivinder Mohan Singh, Malvinder Mohan Singh, Ranbaxy, Fortis, Religare")
In an unprecedented development, two industrialist brothers Malvinder and Shivinder Singh, former promoters of the
erstwhile pharma giant Ranbaxy and till recently counted among the richest businessmen of the country, were arrested on Thursday for alleged fraud.
While the Economic Offence Wing (EOW) of the Delhi Police arrested Shivinder Mohan Singh early in the day in a case of fraud and misappropriation of funds to the tune of Rs 740 crore linked to Religare Finvest, his elder brother Malvinder Mohan Singh was also taken into custody hours later. Both were former promoters of Religare, Fortis Healthcare and Ranbaxy.
The police were
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