Religare fraud: Court refuses bail to Shivinder Mohan Singh Opposing his bail, EOW had alleged that documents collected during investigation reflect a pivotal role of Shivinder in conspiracy with co accused Malvinder Mohan Singh and other co- accused to “misappropriate funds of such large magnitude”.
The Economic Times
Religare fraud: Court refuses bail to Shivinder Mohan Singh
In Singh brothers’ case, Delhi police will have to find where all the money has flown Investigating agencies have a task at hand to find out the money trail -- where it had flown and who were the end beneficiaries
Singh brothers alleged plunder of Religare Finvest a tale of fence eating the crop SEBI in a March order directed Religare Enterprises and its subsidiary to recover funds to the tune of Rs 2,315.09 crore that had been diverted to various entities for the ultimate benefit of erstwhile promoters of REL
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Religare to sell entire stake in NBFC arm to TCG Advisory Services for Rs 330 cr Religare Enterprises (REL) in its filing said that a share purchase agreement has been signed with TCG for selling stake in RFL, which is an SME-focused NBFC and also owns a majority shareholding in housing finance provider Religare Housing Development Finance Corporation Ltd (RHDFCL).