The Supreme Court on Wednesday dismissed an interim bail plea of former Fortis promoter Shivinder Mohan Singh — accused of misappropriating Rs 2,397 crore of Religare Finvest Ltd in connivance with others.
- The Delhi High Court has already refused bail to former Fortis Healthcare promoter Shivinder Mohan Singh, who had then gone to the Supreme Court against the high court order
- Taking note of “serious allegations” and Mr Singh being a “flight risk”, the Supreme Court rejected the interim bail plea. To this, Justice MR Shah replied, “Last time it was someone’s death.”
In its order, the Supreme Court said that due to the serious allegations, “it seems that if the petitioner is released on interim bail, he may pose to be a flight risk,” and rejected the application for interim bail. A case was filed against Mr Singh by the Delhi Police’s Economic Offences Wing for alleged cheating, criminal conspiracy and criminal breach of trust in March 2019 after it got a complaint from Religare Finvest’s Manpreet Suri. Mr Suri alleged that Mr Singh, former chairman and managing director of Religare Enterprises Ltd Sunil Godhwani, former chief executive of Religare Finvest Kavi Arora and others took loans while running the company, but instead diverted the funds to other firms.
HON’BLE MR JUSTICE M R SHAH
Judge, Supreme Court of India
HON’BLE MS JUSTICE B V NAGARATHNA
Judge Supreme Court of India
