Religare Finvest money-laundering case: Court extends ED custody of ex-Fortis Healthcare promoter Malvinder Singh

A court here on Monday extended the custodial interrogation of former Fortis Healthcare promoter Malvinder Singh and former CMD of Religare Enterprises Ltd Sunil Godhwani by a week in a money laundering case lodged by ED, in relation to alleged misappropriation of funds of Religare Finvest Ltd (RFL)

Press Trust of India November 18, 2019 19:20:25 IST
Religare Finvest money-laundering case: Court extends ED custody of ex-Fortis Healthcare promoter Malvinder Singh
  • Court extended the ED custody of former Fortis Healthcare promoter Malvinder Singh and former CMD of Religare Enterprises Ltd Sunil Godhwani till 23 November

  • In its application, the ED sought 11 more days to interrogate Singh and Godhwani

  • Singh and Godhwani are accused of laundering money, punishable under sections 3 and 4 of the Prevention of Money Laundering Act, the central agency said

New Delhi: A court here on Monday extended the custodial interrogation of former Fortis Healthcare promoter Malvinder Singh and former CMD of Religare Enterprises Ltd Sunil Godhwani by a week in a money laundering case lodged by ED, in relation to alleged misappropriation of funds of Religare Finvest Ltd (RFL).

Special Judge Sandeep Yadav extended the ED custody of both the accused till 23 November on a plea moved by agency's special public prosecutor Nitesh Rana.

In its application, the ED sought 11 more days to interrogate Singh and Godhwani.

"After considering rival submissions and having gone through the application, the court is of opinion that further custodial interrogation of accused is required for effective and meaningful investigation.

"Accordingly, accused are remanded to custody of ED till 23 November," the judge said.

The ED had taken both the accused in its custody on 14 November inside the jail here, where they were lodged in a case filed by the Delhi Police in relation to the alleged scam, a lawyer associated with the case said.

Singh and Godhwani are accused of laundering money, punishable under sections 3 and 4 of the Prevention of Money Laundering Act, the central agency said.

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