 "Shivinder Singh (left) and Malvinder Singh")
A Delhi court on Wednesday dismissed former Fortis Healthcare Promoter Shivinder Mohan Singh's plea seeking to be released on bail in a money laundering case related to alleged misappropriation of funds at Religare Finvest Ltd.
Additional Sessions Judge Sandeep Yadav said the accused Shivinder Mohan Singh utilised the proceeds of crime and various acts attributed to him regarding the advancement of unsecured loans to different entities have come to the light during the investigation.
The court observed that the amount involved in the present case is huge (Rs 2,397 crore).
"It has been held in a catena of judgments that
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