Jacqueline Fernandez has withdrawn her plea seeking to turn approver in a Rs 200 crore money laundering case involving Sukesh Chandrashekar.
A Delhi court has sought a response from the Enforcement Directorate on Jacqueline Fernandez's plea to become an approver in a Rs 200 crore money laundering case involving Sukesh Chandrashekar.
The Enforcement Directorate has requested more time to respond to Jacqueline Fernandez's request to become an approver in a Rs 200 crore money laundering case involving Sukesh Chandrashekar.
Malvinder "forged the signatures" of Aditi Singh, Shivinder's wife, in the documents of RHC Holdings Pvt Ltd, which along with Oscar Investments Ltd jointly owned financial services firm Religare Enterprises Ltd and hospital chain Fortis Healthcare Ltd, it said.
"My family reputation kept me a silent spectator, as I mutely watched the organisation I founded come to a point where it was publicly auctioned; where my family and myself have been stripped of our legacy, our finances and my personal credibility."
The Supreme Court refused to interfere with an order dismissing Jacqueline Fernandez's plea to quash an ECIR in a Rs 200 crore money laundering case involving Sukesh Chandrasekhar.
The court posted the matter for hearing on October 22.
Sebi on Tuesday sent a notice to 7 entities, including Malvinder and Shivinder Mohan Singh, asking them to pay Rs 48.15 crore within 15 days in a fund diversion case of Religare Finvest. Sebi also warned of attachment of assets and bank accounts, if they fail to make the payment. The notice came after the entities failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi).
After completion of its mandatory tender offer in Fortis Healthcare and Fortis Malar Hospitals, Malaysian health care giant IHH Healthcare is aiming to add 2,000 beds in a bid to double down on value creation in India. IHH, which is Asia's largest multinational private healthcare provider, currently has over 5,000 beds across a combined network of 35 hospitals and 11 states.
A bench comprising Chief Justice Ranjan Gogoi and Justice Deepak Gupta held the former Ranbaxy promoters guilty of contempt of court and said that they had violated its earlier order by which the sale of their controlling stakes in Fortis Group to Malayasian firm IHH Healthcare was put on hold.
The relationship between the Singh brothers, erstwhile promoters of Fortis Healthcare, went sour after allegations of fund diversion from the healthcare chain emerged.
The investigating officer of the Delhi police, in the remand application, had sought custodial interrogation of the accused saying it was required to identify the persons to whom the alleged siphoned off money was transferred and to ascertain the purpose of creating the shell companies.
AAP national convenor Arvind Kejriwal will meet Punjab Chief Minister Bhagwant Mann, state ministers, and party MLAs in Delhi on Tuesday amid growing speculation about internal dissent in the party's Punjab unit following AAP's rout in the Delhi Assembly elections. The meeting is expected to focus on analyzing the Delhi election results and strategizing for the Punjab polls scheduled in 2027. The AAP's Punjab unit has faced questions about internal cohesion, with some suggesting that the party's leadership in Delhi continues to exert significant influence over Punjab's governance. There are also speculations that Kejriwal could consider a more direct role in Punjab politics now, with some political observers suggesting that he could contest from the vacant Ludhiana assembly seat.
Sources said she had stopped eating for the past few days and had constantly been making calls and sending emails to the two brothers.
In 2014, Sun Pharma agreed to buy Ranbaxy -- which was then controlled by Daiichi.
The fresh charges against Chandrashekhar pertain to Rs 3.5 crore that Malvinder Singh's wife Japna is alleged to have paid after she was conned that this money would be used to bail her husband out.
Over-expansion, bad management, and multiple allegations irreparably taint Malvinder and Shivinder Singh
After the Akal Takht on Friday declared Sukhbir Singh Badal 'tankhaiya' -- guilty of religious misconduct -- some leaders of the ruling Aam Aadmi Party as well as rebel Akalis called for the Shiromani Akali Dal chief to step down.
The previous board of Fortis Healthcare had links with Singh brothers and there was an investigation by law firm Luthra and Luthra into Rs 472 crore that was diverted into other companies.
The Enforcement Directorate (ED) on Thursday arrested former Fortis Healthcare promoter Shivinder Mohan Singh in a money laundering case related to the alleged misappropriation of funds at Religare Finvest. A team of ED officials went to Tihar Jail and placed Singh under arrest as per the provisions of the Prevention of Money Laundering Act.
NCLT allows Shivinder to withdraw petition against his brother Malvinder. Final decision to be taken by family members in their presence.
Fortis Healthcare has also come under the lens of Sebi, which launched an investigation into alleged regulatory lapses
Whistle-blowers allege the brothers violated court orders by selling assets like art and real estate worth crores bought by funds from their companies.
The legislator was taken into custody under provisions of the Prevention of Money Laundering Act after he was detained by agency officials from a public meeting he was holding in Malerkotla, they said.
On Wednesday, Daiichi Sankyo's lawyers argued for a stay on stake sale by Fortis, which was opposed by counsels of the hospital chain and promoter entities.
The Opposition on Monday targeted Punjab Chief Minister Bhagwant Mann, alleging that he was deplaned from a Delhi-bound flight at the Frankfurt airport as he was 'drunk', a charge denied by the ruling AAP as baseless.
Singh, who was instrumental in building required capabilities in the organisation said his role at Fortis did not allow him to spend time with his family, as the reason behind his resignation.
Sarari has resigned from the cabinet of Chief Minister Bhagwant Mann, confirmed a senior leader of the ruling AAP.
Punjab Chief Minister Bhagwant Mann, 48, will tie the nuptial knot in Chandigarh on Thursday, party leaders confirmed.
The high court imposed various bail conditions on him, including that he shall not tamper with the evidence or influence witnesses, directly or indirectly.
A few people held a protest against the Punjab Police in Mansa for allegedly stopping them from entering the Moosa village by deploying heavy security ahead of Mann's visit.
Aam Aadmi Party candidate Sushil Rinku on Saturday won the Jalandhar Lok Sabha by-election, defeating his nearest rival and Congress nominee Karamjit Kaur Chaudhary by a margin of 58,691 votes.
'Nothing in this world is permanent. So also in business.' 'And more so in family businesses where family issues often influence business decisions,' point out S Subramanian and Nupur Pavan Bang.
The incident is being seen as a major intelligence failure as the office houses the state counter intelligence wing, special task force and some other units.
Congress MLA Sukhpal Singh Khaira was arrested by the Punjab Police in connection with a 2015 drugs case on Thursday morning, official sources said.
A controversy erupted after a video of Kiran Bedi purportedly cracking a joke on Sikhs at the launch of her book was widely shared on social media.
The chief minister accused the Governor of interfering in the state government's affairs and, replying to Purohit's letter made public Monday, indirectly questioned his credentials for the post.
From Ranbaxy to Religare, Aashish Aryan takes you through a maze of legal cases involving Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh. Both are in police custody following a complaint of fund siphoning.
The court also restrained RHC Holdings from operating its bank accounts except for payment of salaries and statutory dues till March 23, the next date of hearing.
The high court said the investigation has shown the crime proceeds were used for air travel and purchase of high-end branded gifts for Bollywood celebrities.
