Former Ranbaxy promoter Shivinder Singh, 3 others arrested in Rs 740 crore fraud case

Shivinder Mohan Singh, the former promoter Ranbaxy Laboratories, was arrested by the Delhi Police's Economic Offenses Wing on Thursday evening. Singh was arrested along with three others on a complaint filed by the financial services company Religare. Among those arrested is Sunil Godhwani, the former chairman of Religare.

Religare has accused Shivinder Singh and the others of diverting funds and misappropriation amounting to Rs 740 crore.