Billionaire Singh Brothers accused of Siphoning Cash

by International | 29-01-2018 | 332 views

Two Billionaire Singh Brothers named Malvinder and Shivinder Singh ,has been accused of diversion, siphoning and digression of assets. A lawsuit filed by a New York-based investor in the Delhi HC claims that they have  diverted funds to aid them with a $1.6-billion personal debt. The lending arm of Singhs' company, Religare Enterprises, made loans to firms which routed at least $300 million to Singhs' firms on the same day, according to an RBI investigation.

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