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    RFL SCAM

    Siphoning of RFL funds: SC dismisses interim bail plea of Shivinder Mohan Singh

    Singh had sought interim bail for a short period on “humanitarian grounds” for helping his ailing mother to take part in the last rituals of his maternal uncle, who died on March 8 in Haryana. “We are of the opinion that the presence of the accused was not a must...,” said a bench of Justices M R Shah and B V Nagrathna while dismissing the plea.

    Delhi Police arrests former Religare CEO in Rs 2,300 crore RFL scam case

    Subramanian was the Group CEO of REL during 2017-2018. A loan against property worth Rs 115 crore was sanctioned as secured loans to three entities -- Best Health Management Pvt Ltd, M/s Vitoba Realtors Pvt Ltd and Devera Developers Pvt Ltd -- vide three separate loan facility agreements, and property documents of Asola land was kept as security with RFL.

    Siphoning of RFL funds: Govt taking much interest in case, SC observes orally

    The Supreme Court Monday orally observed that the government is taking "much interest" in a case in which former Fortis Healthcare promoter Shivinder Mohan Singh is accused of misappropriating Rs 2,397 crore of Religare Finvest Ltd funds, while deferring the hearing on his bail plea to post Diwali vacation.

    The cases that landed some of India Inc's top promoters and CEOs behind bars

    While stricter vigilance and surveillance by regulators and law enforcement agencies have helped cast light on corporate malpractices and boardroom shenanigans, this piling up of chargesheets means legal proceedings can take years.

    Religare scam: Delhi court dismisses anticipatory bail plea of former independent director

    The court said Mahajan did not express any concern or opposed the alleged loan proposal which clearly established conspiracy with the promoters/other accused persons for alleged diversion of funds.

    Religare funds scam: HC seeks Shivinder Singh's reply on plea challenging his bail

    The matter came up before Justice Anu Malhotra who asked Shivinder's counsel to respond to the plea by complainant Religare Finvest Ltd (RFL) seeking quashing of trial court's orders granting him bail in the case and holding his bail application to be maintainable.

    The Economic Times
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