Former high-flyer tycoon brothers arrested in India - News Summed Up

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Former high-flyer tycoon brothers arrested in India


MUMBAI (AFP): Tycoon brothers Shivinder and Malvinder Singh appeared in court on Friday (Oct 11) accused of siphoning off hundreds of millions of dollars in the latest episode of a crumbling business dynasty. The brothers, also wrangling with each other over the lost money, were detained separately late on Thursday and charged along with three other top executives from the group. The court gave police four days to question the brothers, who have launched a counter action calling for the investigation to be declared invalid. The brothers have acknowledged that they had financial dealings with Dhillon and his Radha Soami Satsang Beas group. Dhillon, a relative of the Singhs' mother, has not commented on the brothers' troubles.


Source: The Star October 11, 2019 14:26 UTC



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