A court in Delhi on Thursday sent Malvinder Mohan Singh and Shivinder Mohan Singh, brothers and former promoters of Religare Enterprises Limited (REL), to 14-day judicial custody till October 31 on charges of misappropriating funds.
The court also sent Sunil Godhwani, the company’s former managing director, to judicial custody in Tihar Prison of Delhi till October 31.
The court, however, agreed to hear the bail pleas moved by Singh brothers and Kavi Arora, a REL executive who is already in Tihar, on Friday.
The Delhi Police's Economic Offences Wing (EoW) arrested the Singh brothers, Godhwani, Arora and Anil Saxena on October 10, charging