NEW DELHI: The Enforcement Directorate (ED) on Thursday arrested former
Fortis Healthcare
promoter Malvinder Singh and ex-CMD of
Religare Enterprises Ltd
(REL) Sunil Godhwani in money laundering case.
The central probe agency has arrested them for allegedly misappropriating funds of Religare Finvest Ltd (RFL) and causing it losses to the tune of Rs 2,397 crore.
The ED took both the accused in its custody inside the Tihar central jail here, where they are currently lodged in relation to the alleged scam, a lawyer associated with the case said.
Both Singh and Godhwani will be produced before a metropolitan magistrate in the prison, when the ED is likely to seek their custodial interrogation.
Earlier in October, the economic offences wing (EOW) of Delhi Police had arrested Malvinder, his brother Shivinder, Godhwani, Kavi Arora and Anil Saxena.
(With PTI inputs)
Stay informed with the latest Business News on Times of India. Explore updates on International Business, gain insights with Financial Literacy tips, and make use of Financial Calculators. Don’t forget to check the list of Bank Holidays in 2025, including Bank Holidays in January.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!