Former Ranbaxy promoters raided by ED in money laundering case

Raids were conducted after the filing of a case under the Prevention of Money Laundering Act (PMLA), ED officials said.

The Enforcement Directorate (ED) on Thursday raided the premises linked to erstwhile Ranbaxy promoters, Malvinder Mohan Singh and Shivinder Mohan Singh, in connection with a money-laundering case, agency officials said.

Former Ranbaxy promoters Malvinder Mohan Singh and Shivinder Mohan Singh have been raided by the ED. (HT File Photo)

They said the raids were conducted after the filing of a case under the Prevention of Money Laundering Act (PMLA).

The action is being seen in the backdrop of charges of alleged financial irregularities against the two brothers and the subsequent downfall of their businesses.

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