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Enforcement Directorate Conducts Raids On Singh Brothers’ Premises
The Singh brothers are accused of several financial irregularities in the Ranbaxy-Daiichi Sankyo deal, and at Fortis and Religare.
01 Aug 2019, 09:45 PM IST 
Malvinder Singh, the former promoter of Ranbaxy and Fortis Healthcare. (Photographer: Brent Lewin/Bloomberg)
The Enforcement Directorate on Thursday raided premises linked to Singh brothers Malvinder and Shivinder, the former promoters of Ranbaxy Laboratories and Fortis Healthcare Ltd., in connection with a money-laundering case, said agency officials.
According to the ED officials, the raids were conducted after the filing of a case under the Prevention of Money Laundering Act, 2010.
The Singh brothers are accused of several financial irregularities, both in the sale of Ranbaxy to Daiichi Sankyo of Japan and in the workings of Fortis Healthcare and Religare Enterprises Ltd.
The financial mess led to the fall of their family business empire.
