The Supreme Court has quashed the interim bail application of former Fortis Healthcare promoter Shivinder Mohan Singh, who was accused of misappropriating Rs 2,397 crore of Religare Finvest Ltd (RFL) funds, along with others.
The Supreme Court has directed the investigating agency to complete the probe into the fund embezzlement case against former Fortis promoter Shivinder Mohan Singh while stating that the probe cannot be going indefinitely. “It has been two years. So should we allow him to be there in jail for 10 years?” the bench led by Chief Justice of India N.V. Ramana noted.
Justice Suresh Kumar Kait said: “Moreover, the continued detention of Shivinder, in this case, is necessary not only to unearth the conspiracy hatched by him but also to derive trace the siphoned off money which he has credited for his personal benefit.”