Ranbaxy's ex-promoter Shivinder Singh arrested in Rs 740 crore fraud case
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Based on a complaint filed by Religare Finvest Limited, Ranbaxy's ex-promoter Shivinder Singh has been arrested by Economic Offence Wing of Delhi Police on Thursday. Religare's ex-CMD Sunil Godhwani along with two others has also been arrested. Malvinder Singh and his brother Shivinder Singh have been accused of misappropriation of funds to the tune of Rs. 740 crore. A case was filed against the brothers in May.