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Headlines: Ranbaxy’s former promoter Shivinder Singh arrested by Delhi police in a fraud case

The Delhi Police on Thursday arrested erstwhile Ranbaxy and Fortis hospital promoter Shivinder Singh in connection with a fraud case of Rs 740 crores. Shivinder has been arrested along with former CMD Sunil Godhwani, Kavi Arora and Anil Saxena, while a look-out notice for Shivinder’s brother Malvinder Singh has been issued. The Economic Offences Wing (EOW) of the Delhi Police is investigating a complaint filed by Religare Finvest Limited in December 2018. Religare has accused them of diverting funds alleging that loans were taken by Singh while managing that firm but the money was invested in other companies. #Ranbaxy #ShivinderSingh

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