Former Fortis promoter Malvinder Singh arrested
New Delhi: The Delhi Police on Friday arrested former Fortis Healthcare promoter Malvinder Singh for allegedly misappropriating funds of Religare Finvest Limited (RFL) and causing losses to the tune of Rs 2,397 crore, officials said.
Malvinder's brother Shivinder Mohan Singh, Sunil Godhwani (58), the former chairman and managing director of Religare Enterprises Limited (REL), Kavi Arora (48) and Anil Saxena, who occupied important positions in REL and RFL, were also arrested earlier by the Economic Offences Wing (EOW) 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 (EOW) O P Mishra said.
The EOW had registered an FIR in March after it received a complaint from Manpreet Singh Suri of the RFL against Shivinder, Godhwani and others alleging that loans were taken by them while managing the firm but the money was invested in other companies.
According to police, the complainant stated that the four had absolute control on REL and its subsidiaries.
"They put RFL in poor financial condition by disbursing loans to companies having no financial standing and being controlled by them. The companies to which loans were disbursed willfully defaulted in repayments and caused a loss to RFL to the tune of Rs 2,397 crore," Mishra had alleged.
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NIA court to complete framing of charges against 2010 hand-chopping case accused on May 15
Kochi (PTI): A special court here will complete proceedings for framing charges against the prime accused in the 2010 hand-chopping case involving professor T J Joseph, in which PFI activists were accused of attacking him at Muvattupuzha.
Ernakulam Special Court for NIA cases judge P K Mohandas, on April 30, heard the arguments of counsel for accused Savad and Shafeer C and decided to proceed with framing charges against the duo.
A group chopped off Thodupuzha Newman College professor Joseph's right hand in July 2010, accusing him of religious blasphemy in a question paper he had prepared.
The case, later taken over by the National Investigation Agency (NIA), resulted in the conviction of 19 accused.
The first accused, Savad, who allegedly chopped off Joseph’s palm, was arrested in Berram in Mattannur, Kannur, in January 2024, where he had allegedly been hiding under the pseudonym Shajahan.
The NIA also arrested Shafeer, who allegedly arranged shelter and provided logistical support to Savad at Chakkad and Mattannur in Kannur since 2020.
On April 30, the court heard the counsel for the accused and the NIA prosecutor on framing charges against the duo.
"On going through the documents and evidence in the case and on hearing the counsel for the accused and the prosecutor, I am of the opinion that there are grounds for presuming that the first accused has committed offences punishable under provisions of the IPC, the Explosive Substances Act and the Unlawful Activities (Prevention) Act, and that the second accused has committed offences punishable under the IPC and the UAPA, and there are materials for framing charges under these provisions against the accused," the court said.
The court directed that Savad be produced and Shafeer, who is on bail, appear before it on May 15 for recording their pleas as part of the charge-framing process.
After framing the charges, the court will schedule the trial in the case.
