ED raids residences of Ranbaxy's ex-promoters

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ED raids residences of Ranbaxy's ex-promoters

Aug 01, 2019 17:03 IST

The Enforcement Directorate on Thursday conducted raids at the residences of former Ranbaxy promoters Malvinder Singh and his brother Shivinder Singh in connection with a money laundering case. The raids came after a case was filed against the Singh brothers under the Prevention of Money Laundering Act. The brothers have been accused by Religare Finvest of fraud and misappropriation of funds to the tune of ₹740 crore.