TIL Desk/Business/New Delhi/ The Delhi Police on Friday arrested former Fortis Healthcare promoter Malvinder Singh for allegedly misappropriating funds of Religare Finvest Limited and causing losses to the tune of Rs 2,397 crore, officials said.
Malvinder’s brother Shivinder Mohan Singh, Sunil Godhwani, the former chairman and managing director of Religare Enterprises Limited, Kavi Arora and Anil Saxena, who occupied important positions in REL and RFL, were also arrested earlier by the Economic Offences Wing of Delhi Police for allegedly diverting money and investing in other companies, they said.
RFL is a subsidiary of the REL. Shivinder and his elder brother Malvinder were earlier the promoters of REL. The police had said that a lookout circular ad been issued against Malvinder as he was absconding. He was detained on the intervening night of Thursday and Friday in Ludhiana and was formally arrested on Friday morning after he was brought here by a team of the Economic Offences Wing, Additional Commissioner of Police O P Mishra said.
