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Former Ranbaxy promoters Malvinder Singh and Shivinder Singh arrested for fraud and cheating

रैनबैक्सी के पूर्व प्रमोटर मालविंदर सिंह और शिविंदर सिंह धोखाधड़ी और ठगी के आरोप में गिरफ्तार

फार्मा कंपनी रैनबैक्सी के पूर्व प्रमोटर मालविंदर सिंह को भी पुलिस ने देर रात गिरफ्तार कर लिया। मलविंदर सिंह को आर्थिक अपराध शाखा की टीम ने गुरुवार देर रात पंजाब से पकड़ा है। इससे पहले दिल्ली पुलिस ने शिविंदर सिंह को पहले ही धोखाधड़ी और ठगी के आरोप में गिरफ्तार कर चुकी है।

बता दें कि मालविंदर की गिरफ्तारी से पहले फोर्टिस के पूर्व प्रमोटर शिविंदर सिंह समेत चार लोगों को दिल्ली पुलिस की आर्थिक अपराध शाखा ने गिरफ्तार किया।

दिल्ली पुलिस ने रेलिगेयर एंटरप्राइजेज लिमिटेड द्वारा मिली शिकायत के आधार पर इनको गिरफ्तार किया। रेलिगेयर का आरोप है कि इन तीनों लोगों ने कंपनी से मिले फंड में हेराफेरी करते हुए उसे बिना जानकारी के डायवर्ट भी किया।

शिविंदर देश की प्रमुख दवा कंपनी रैनबैक्सी के भी प्रमोटर रह चुके हैं।

Economic Offences Wing of the Delhi Police has arrested Ranbaxy’s former promoter Shivinder Singh and three others arrested on a complaint given by Religare Enterprises Limited. Religare has accused them of diverting funds and misappropriation.

रेलिगेयर के पूर्व सीईओ भी गिरफ्तार

पुलिस ने जिन तीन लोगों को गिरफ्तार किया है उनमें रेलिगेयर के पूर्व सीईओ और प्रबंध निदेशक सुनील गोधवानी, कवि अरोड़ा और अनिल सक्सेना शामिल हैं। इन सभी लोगों पर 740 करोड़ रुपये की हेराफेरी करने का आरोप लगाया था।
ईडी ने मारा था छापा

इससे पहले अगस्त में प्रवर्तन निदेशालय ने सिंह बधुओं, रेलिगेयर एंटरप्राइजेज लिमिटेड (आरईएल) के पूर्व चेयरमैन एवं प्रबंध निदेशक (सीएमडी) सुनिल गोधवानी, आरईएल के कार्यकारी अधिकारी एन के घोषाल, हेमंत ढींगरा से जुड़े सात ठिकानों पर छापेमारी की गई।

एजेंसी की ओर से प्रवर्तन मामला जांच रिपोर्ट (ईसीआईआर) दर्ज करने के बाद यह कार्रवाई की गई है। ईसीआईआर पुलिस प्राथमिकी के समान होती है। पिछले साल दिसंबर में दिल्ली पुलिस की आर्थिक अपराध शाखा (ईओडब्ल्यू) की शिकायत पर संज्ञान लेते हुए धनशोधन निवारण अधिनियम (पीएमएलए) की आपराधिक धाराओं में ईसीआईआर दर्ज की गई थी।

आरईएल की अनुषंगी कंपनी रेलिगेयर फिनवेस्ट (आरएफएल) ने आर्थिक अपराध शाखा में 740 करोड़ रुपये की वित्तीय अनियमितता और धोखाधड़ी के आरोपों में शिकायत दर्ज कराई थी। शिकायत में सिंह बंधुओं समेत अन्य लोगों का नाम था।

सिंह बंधुओं ने समूह की दिक्कतों के लिए गोधवानी को जिम्मेदार ठहराया था।

Ranbaxy Ex-Promoters Malvinder, Shivinder Singh Arrested In Fraud Case

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.

Pharmaceutical giant Ranbaxy’s ex-promoters Shivinder Singh and his elder brother Malvinder Singh were arrested on Thursday in a Rs. 740-crore fraud case. While Shivinder Singh was arrested earlier in the evening, Malvinder Singh was arrested late at night after a lookout notice was put out against him.
The brothers were raided by the Enforcement Directorate in August.

They have been accused by Religare Finvest of fraud and misappropriation involving around Rs. 740 crore.

Religare Finvest filed its complaint with the police against the Singh brothers in December. Five months later, the brothers were charged with cheating, fraud and misappropriation of funds.

The Enforcement Directorate also initiated a money laundering case against them.

Shivinder Singh and Malvinder Singh were heirs to the multi-billion dollar Ranbaxy Laboratories founded by their father. They sold it to Japanese firm Daiichi Sankyo in 2008 and focused on the family-owned Fortis Healthcare, a hospital chain, and Religare Enterprises, a financial services firm.

In 2013, Daiichi moved an arbitration tribunal in Singapore alleging that the brothers, while selling Ranbaxy, had concealed information about the US Food and Drug Administration and the Department of Justice investigating the company. The tribunal in 2016 ordered the Singhs to pay Daiichi Rs. 2,562 crore. The brothers challenged the decision but in 2017, the Delhi High Court ordered them to pay up.

The brothers’ feud began after they lost control of both Fortis Healthcare and Religare.

They resigned as directors from the board of Fortis Healthcare soon after the High Court decision, in February 2018. In September the same year, Shivinder Singh filed a case against his brother alleging “oppression and mismanagement” in their joint businesses – RHC Holding, Religare and Fortis.

The Securities And Exchange Board of India (SEBI) ordered the Singhs and firms related to them to pay Rs. 403 crore to Fortis, after it emerged during investigations that they had diverted funds from Fortis and misrepresented financial statements.

Last year, the Supreme Court also dismissed the Singh brothers’ appeal and confirmed the international arbitral award, saying it was not inclined to interfere with it.

Earlier this year, the brothers were told by the top court that they could go to jail for disobeying its orders to pay what was due to Daiichi Sankyo.

Musing India
Author: Musing India

musingindia.com is a leading company in Hindi / English online space. musingindia.com is a leading company in Hindi/English online space. Launched in 2013, musingindia.com is the fastest growing Hindi/English news website in India, and focuses on delivering around the clock national and international news and analysis, business, sports, technology entertainment, lifestyle and astrology. As per Google Analytics, musingindia.com gets 10,000 Unique Visitors every month.

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Musing India

musingindia.com is a leading company in Hindi / English online space. musingindia.com is a leading company in Hindi/English online space. Launched in 2013, musingindia.com is the fastest growing Hindi/English news website in India, and focuses on delivering around the clock national and international news and analysis, business, sports, technology entertainment, lifestyle and astrology. As per Google Analytics, musingindia.com gets 10,000 Unique Visitors every month.

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