Three senior officials of Fortis along with Religare Finvest pay 4.3 Cr to settle a case with SEBI
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New Delhi: Three senior officials and directors of Fortis Hospital namely Aditya Vij, Sandeep Puri and Balinder Singh Dhillon along with Religare Finvest Ltd paid Rs 4.34 crore to SEBI (Securities and Exchange Board of India) to settle a case related to the diversion of Fortis Healthcare's funds by its promoters and related entities. Puri being the chief financial officer of Fortis Healthcare Ltd (FHL) and Dhillon its non-independent director.
The settlement included Rs 93.50 lakh each for Balinder Singh Dhillon and Sandeep Puri, Rs 65 lakh for Aditya Vij and Rs 1.82 crore for Religare Finvest. The respective amounts, after the high-powered advisory committee's recommendations and SEBI's whole-time members' approval, were remitted by them in January.
An investigation was initiated by SEBI in the matter of FHL after an article published in February 2018 said its promoters have taken at least Rs 500 crore out of FHL and that its statutory auditor had refused to sign off on the company's second-quarter results.
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