Singh brothers, ex-promoters of Ranbaxy & Fortis, held for fraud

The economic offences wing of the Delhi Police has arrested former Religare promoter Shivinder Mohan Singh and the company's ex-CMD Sunil Godhwani for alleged default in repayment of dues and causing wrongful loss of Rs 2,397 crore to Religare Finvest Ltd. Late in the night, Shivinder's elder brother and Religare co-promoter Malvinder, also an accused in the case, was detained from Ludhiana.

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