EoW files case against Lakshmi Vilas Bank , Singh Bros for fraud | Editorji
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EoW files case against Lakshmi Vilas Bank , Singh Bros for fraud

Sep 27, 2019 12:38 IST

 The Economic Offences Wing of the Delhi police on Thursday registered an FIR against directors of Lakshmi Vilas Bank and former Religare promoters Malvinder and Shivinder Singh, alleging misappropriation of Religare Finvest's fixed deposits held in the bank. 

Religare Finvest, the lending arm of Religare Enterprises, alleged that money from its accounts had been siphoned off and diverted through a web of financial transactions.  The Economic Offences Wing also said Lakshmi Vilas Bank “misused” public shareholder money.

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