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The Enforcement Directorate on Thursday raided multiple premises linked to erstwhile Religare, Ranbaxy and Fortis promoters Malvinder Mohan Singh and Shivinder Mohan Singh, and others in connection with a money laundering case, agency officials said.
They said the raids were conducted at seven locations in Delhi, including those connected to the Singh brothers — ex-CMD of Religare Enterprises Ltd (REL) Sunil Godhwani, REL executives NK Ghoshal and Hemant Dhingra after an Enforcement Case Information Report (ECIR), the police equivalent of a case, was filed by the agency.
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The ECIR has been filed under criminal sections of the Prevention of Money Laundering Act (PMLA) after taking cognisance of a Delhi Police Economic Offences Wing (EOW) complaint filed in December last year.
REL’s subsidiary Religare Finvest (RFL) had filed the complaint with the EoW, alleging fraud and misappropriation of funds to the tune of ₹740 crore and had named the Singh brothers and others. On their part, the Singh brothers had blamed Godhwani for the troubles faced by the group.
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The EoW FIR had been registered for various offences including cheating, criminal breach of trust, misappropriation, fraud and forgery, and criminal conspiracy.
REL was controlled by the warring Singh brothers until February, 2018.
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