Religare Finvest Case: Delhi Court Extends Judicial Custody Of Malvinder Singh, Sunil Godhwani
Singh, Godhwani have been accused of laundering money, punishable under Sections 3, 4 of the Prevention of Money Laundering Act.
A Delhi court on Monday extended the judicial custody of former Fortis Healthcare Ltd. promoter Malvinder Mohan Singh and former Chairman and Managing Director of Religare Enterprises Ltd. Sunil Godhwani for two weeks in a money laundering case related to the alleged misappropriation of funds at Religare Finvest Ltd.
Special Judge Sandeep Yadav sent both the accused to further custody till Jan. 20. The court passed the order after they were produced before it on expiry of their earlier judicial custody.
Enforcement Directorate special public prosecutor Nitesh Rana sought further custody, saying the probe was still on.
The agency had taken both into custody on Nov. 14 from Tihar jail, where they had been lodged due to a case filed by the Delhi Police in relation to the alleged scam, advocate AR Aditya said.
They were sent to judicial custody on Nov. 23.
Singh and Godhwani have been accused of laundering money, punishable under Sections 3 and 4 of the Prevention of Money Laundering Act, the central agency added.