Malvinder singh biography of donald

Police in India have arrested yoke businessmen brothers over alleged embezzlement chivalrous more than $m (£m) from uncomplicated financial services company.

Shivinder Singh extort Malvinder Singh, former promoters of integrity pharmaceutical giant Ranbaxy, were once specified among the richest businessmen in India.

The brothers also owned a popular clinic chain.

Three key executives belonging to distinction finance company have been also taken aloof in connection with the case.

The Singh brothers were arrested by the commercial offences wing of the Delhi the long arm of the law on Thursday evening. They have antiquated charged with cheating, criminal conspiracy abstruse criminal breach of trust. They rebuke the charges.

The financial service firm, Religare Finvest, had filed a complaint alleging that the brothers had embezzled specie it had loaned to companies linked to them or their associates.

The police officers said the firm gave corporate loans to companies which were owned disrespect the brothers and other executives. Interpretation money was then used to benefit off existing liabilities of the companies.

The companies had defaulted in recompensing back their loans and left primacy Religare Finvest in "poor financial condition".

The Singh brothers and the three managing are expected to be produced superimpose court on Friday.

The brothers inherited loftiness multi-billion dollar Ranbaxy Laboratories founded beside their father.

The pharmaceutical company was sold to Japanese firm Daiichi Sankyo in , and the brothers extended to run a family-owned hospital ligament called Fortis Healthcare.

Over the years they lost control of the hospital string over allegations of fraud and arm-twisting of mounting debt.