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'Arrest Singh brothers for fraud': Fortis writes to Sebi

Feb 25, 2019 21:57 IST

Calling for the arrest of its former promoters Malvinder Mohan Singh and Shivinder Mohan Singh, Fortis Healthcare has asked markets regulator Sebi to initiate legal proceedings against the two brothers to recover ₹472 crore, reports said. In its application, Fortis asked for the invocation of Section 28 A of the Sebi Act to recover the amounts from the warring brothers, and other entities. Fortis also asked the Securities and Exchange Board of India for a personal hearing on the matter.

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