
Former Ranbaxy promoter Shivinder Singh arrested by Delhi Police
Former promoter of Ranbaxy pharmaceuticals Shivinder Singh was arrested on Thursday by Delhi Police’s Economic Offences Wing (EOW).
In December 2018, Religare Enterprises Ltd (REL) subsidiary Religare Finvest (RFL) had lodged a criminal complaint with the Economic Offences Wing of the Delhi Police against promoters Malvinder Mohan Singh and Shivinder Mohan Singh.
The complaint also named REL ex-CMD Sunil Godhwani, among other directors, for cheating, fraud and misappropriation of funds to the tune of ₹ 740 crore.
The complaint was registered for various offences including cheating, criminal breach of trust, misappropriation, fraud and forgery and criminal conspiracy.
“The complaint was filed basis internal inquiries (including an independent forensic review) undertaken by the new RFL board and management,” REL release said.
REL was controlled by the warring Singh brothers until February 2018.
Post their exit from the board of REL in February 2018, the boards of REL and RFL had been re-constituted.
According to an REL regulatory filing, the newly-formed RFL Board and management discovered siphoning and misappropriation of funds of RFL amounting to approx ₹ 740 crores in aggregate through loans to entities that are controlled by, connected to or known to the promoters or their associates.

When Mithun Chakraborty resigned from Rajya Sabha citing health reasons

Delhi among top 3 states with most contaminated sites in India

Priyanka Gandhi Vadra to address Kisan Mahapanchyat in Meerut today

SP to hold cycle rally in support of Azam Khan over cases lodged by UP police
- In January, the Supreme Court dismissed pleas of the Uttar Pradesh government challenging the bail granted to Samajwadi Party MP Azam Khan, his wife Dr Tanzeen Fathima, and son Abdullah Azam Khan in an alleged case of forging birth certificate.

Bombay HC refuses pre-arrest bail to judicial magistrate booked in bribery case
- An associate of the judicial magistrate allegedly demanded and accepted a bribe on her behalf for dismissing a criminal complaint against a milk vendor.

Hasn't Kashmir become paradise after 2019: Omar Abdudullah's swipe at Suvendu

Called Modi ki dukan... buy medicine from there: PM launches Jan Aushadhi centre

Amit Shah visits Kerala as Vijayan govt battles to rid gold smuggling taint
- Earlier, the CM had hit out at BJP's minister of state for external affairs, V Muraleedharan, alleging after his elevation, smuggling from West Asian countries increased manifold

During PM Modi’s Kolkata rally, CM Banerjee will decry LPG price in Siliguri
- Prime Minister Narendra Modi's rally at the famous Brigade Parade Grounds in Maidan area is expected to draw a huge crowd.

India records 18,711 new cases of Covid-19, 100 deaths

News updates from HT: Govt ready to amend farm laws, says Tomar

Chhattisgarh: 5 of family found dead in Durg; note cites financial stress
- The police were investigating the case from all possible angles.

Officials don't listen to you? Beat them up with sticks: Giriraj tells residents

Govt ready to amend farm laws, says Union minister Narendra Singh Tomar
