The Hush Post |14:10 pm|two-minute-read
Former owners of Fortis Hospital, Malvinder Singh and brother Shivender Mohan Singh fight has taken an ugly turn. It is because of the case of the missing Rs 22,500 crore from the erstwhile Ranbaxy, Fortis, Religare empire. Now Malvinder Singh has lodged a criminal complaint against ‘Baba’ Gurinder Singh Dhillon-the spiritual head of the Radha Soami Satsang, Beas, his wife, sons and associates; his brother Shivinder as well as the Godhwani kin-Sunil and Sanjay.
The complaint filed before the Economic Offences Wing claims Baba Dhillon through lawyer Ferida Chopra threatened Malvinder would be eliminated. Malvinder has sought Rs 8,742 crore owed to him by the alleged accused.
This is the first time ever that either of the brothers has openly accused the Baba to be cause of their financial misery. This is also the first time Malvinder has accused Baba Dhillon of financial impropriety.
The brothers’ previous barbs have been directed at Dhillon’s former confidante Sunil Godhwani. The differences, which were a point of discussion among insiders, are now public.
“…Sh. Shivinder Mohan Singh, in collusion and connivance with Sh. Gurinder Singh Dhillon, Sh. Gurpreet Singh Dhillon, Sh.Gurkirat Singh Dhillon, Sh.Sunil Godhwani, Sh.Sanjay Godhwani, Sh. Rajveer Singh Gulia and Sh.Pramod Ahuja misused his position, by aiding in concealment of the illegal acts of shiphoning off the funds…,” the plaint alleges.
The two brothers were filled with cash in June 2008 with Rs 9,576 crore from the sale of India’s largest pharma company Ranbaxy Laboratories to Japan’s Daiichi Sankyo.
Less than a decade later in 2016, they were under a financial debt of Rs 13,000 crore-losing an unbelievable Rs 22,500 crore in just over seven-eight years.
The plaint alleges that a bulk of the sale proceed was invested in group companies, of which at least Rs 1,006.3 crore is detected to have been directly loaned to the Dhillon and Godhwani families through 6 entities: Fern Healthcare, Modland Wears, Best Healthcare, Adept Lifespaces, Devera Developers and Rosestar Marketing. “…it was shockingly revealed that the said companies had in fact surreptitiously extended financial facilities to the tune of INR 1,006.3 crores, to either Sh. Gurinder Singh Dhillon, his family members, his close associates, to the Godhwani’s and/or companies owned/controlled or managed by them”.