New Delhi: In late night drama on Thursday, the economic offences wing (EOW) of the Delhi police arrested former co-promoter of Religare Enterprises, Malvinder Mohan Singh, in Ludhiana (Punjab) for allegedly causing wrongful loss worth ₹2,397 crore to Religare Finvest Ltd, a senior Delhi police official said. “He was nabbed in Punjab, and we are getting him to Delhi," a senior Delhi police official said about Malvinder SinghAn official statement from the Delhi Police will be available on Friday morning. Malvinder Singh’s arrest comes hours after his younger brother Shivinder Singh, former Religare Enterprises chairman and managing director Sunil Godhwani, as well as two other officials from the companies were also arrested in the same case. The financial irregularities were flagged during independent audits by the Reserve Bank of India and Securities and Exchange Board of India (SEBI), the Delhi Police said. Religare Finvest had also named N.K.

Source: Mint October 10, 2019 18:45 UTC