RELIEF: Former Fortis Healthcare promoter Shivinder Singh finally gets bail in Religare money laundering case
New Delhi: In a major relief to former Fortis Healthcare promoter- Shivinder Mohan Singh; the Delhi High Court has finally granted him bail in Religare Finvest Ltd (RFL) money laundering case on furnishing a personal bond of Rs 1 crore and 2 sureties by family members of Rs 25 lakh each.
The order was pronounced by Justice Anup Jairam Bhambhani on July 23, 2020, with various other bail conditions imposed on him including that he shall not tamper with the evidence or influence witnesses, directly or indirectly.
The court also directed the investigating officer of the Enforcement Directorate (ED) to request the Bureau of Immigration to open LOC in Shivinder's name to prevent any unannounced exit from the country.
He was arrested in the money laundering case in 2019. The ED in January had filed a charge sheet against former Fortis Healthcare promoters Malvinder Mohan Singh and Shivinder as also former CMD of Religare Enterprises Limited (REL) Sunil Godhwani in the money laundering case related to alleged misappropriation of funds at RFL.
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