Ranbaxy’s ex-promoters’ custody extended in Religare fraud case

The Hush Post | 7:55 pm | One-minute read

A Delhi court extended the judicial custody of former Ranbaxy owners Shivinder Singh and Malivnder Singh for 14 days in the Religare funds scam on Thursday.

The judicial custody of former chairman-director of Religare Finvest Sunil Godhwani, Kavi Arora and Anil Saxena is also extended till November 14.

Deepak Sehrawat, Chief Metropolitan Magistrate, will hear the bail plea filed by Shivinder Singh on Friday. The court has also issued a notice to Delhi police’s Economic Offence Wing (EOW) to file on the bail application filed by Godhwani.

Singh brothers are currently under the judicial custody in Tihar jail. They have been accused by Religare Finvest’s Manpreet Suri of siphoning off and misappropriation of funds.

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