Ranbaxy News

Financial deals with Ranbaxy brothers, admits Beas sect head

A part of the rights issue was funded by RHC and the Singh brothers, who Radha Soami sect head admits to financial deals with Ranbaxy brothers spent a total of Rs 440 crore on the transaction.

Religare fund diversion case: Ex-promoters Shivinder, Malvinder sent in four-day police custody

Shivinder Singh and his elder brother Malvinder Mohan Singh were arrested in connection with an alleged fraud case involving misappropriation of funds of Religare Finvest Ltd (RFL), causing it losses worth Rs 2,397 crore.


Shivinder held, Malvinder detained in Religare fund diversion case

The arrest came two months after the Enforcement Directorate (ED) carried out searches at the homes of the brothers after revelations from the Mauritius Leaks on their offshore holdings were described as “corroborative evidence” for the investigating agency.

ED raids premises of former Ranbaxy group promoters Malvinder, Shivinder Singh

The action is being seen in the backdrop of charges of alleged financial irregularities against the two brothers and the subsequent downfall of their businesses.

Supreme Court to hear Daiichi Sankyo’s contempt plea against Singh brothers

The SC had last month asked the sparring brothers to bury their hatchet, consult each other and come out with a concrete plan on how they will secure the Rs 3,500-crore Singapore arbitration award.

'Will send you to jail': SC warns former Ranbaxy promoters over pending dues to Japanese firm

On March 14, the Supreme Court had asked former Ranbaxy promoters Malvinder Singh and Shivinder Singh to apprise it how they propose to comply with the Rs 3,500 crore arbitral award passed against them by a Singapore tribunal.


SC asks ex-Ranbaxy promoters on how they will comply with Rs 3500 crore arbitral award

The apex court was hearing the plea of Japanese firm Daiichi Sankyo which is seeking to recover Rs 3,500 crore, awarded to it by a Singapore tribunal in its case against Malvinder and Shivinder Singh.

Families of Ethiopian plane disaster victims steel themselves for journey to crash site

After the brief Q and A session, the Ethiopian mourners filed silently out of the room and slowly boarded the convoy of eight Ethiopian Airlines buses. The mourners looked like travelers themselves. Except they carried no luggage, only items to honour the dead in their final resting place.

Malvinder Singh disobeyed orders, Delhi HC directs him to deposit SG$3.5 million

In April, Singh had allegedly sold 45 lakh equity shares held in RHT for around SG$3.5 million towards payment of an EMI on a property in Singapore.

Upcoming payouts a possible trigger for Singh brothers feud

In February, Delhi HC upheld the Singapore arbitration tribunal’s decision to fine the brothers for around Rs 3,500 crore for “concealing and misrepresenting” facts.