Former high-flyer tycoon brothers arrested in India


  • World
  • Friday, 11 Oct 2019

MUMBAI (AFP): Tycoon brothers Shivinder and Malvinder Singh appeared in court on Friday (Oct 11) accused of siphoning off hundreds of millions of dollars in the latest episode of a crumbling business dynasty.

The former owners of the Ranbaxy generic drugs giant, who are said to have lost a fortune worth billions over the past decade, are in court over US$337mil (RM1.4bil) diverted from the Religare financial group which they built up.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Syria arrests five suspects over shooting of US, Syrian troops in Palmyra
Feature: From policing to peacemaking -- A 1930s Hong Kong building's new calling
Chinese business community donates necessities to disabled children in Zimbabwe
Over 10 dead after school bus accident in Colombia
Feature: Chinese cultural exhibition, robot dog show captivate crowds of visitors in Cambodia
World's largest ice and snow theme park to open in northeast China
Britain's King Charles 'appalled and saddened' by shooting in Sydney
Bystander who tackled armed man at Bondi Beach shooting hailed as hero
Hamas confirms death of senior commander in Israeli strike on Gaza
Bystander who tackled armed man at Bondi Beach shooting hailed as hero

Others Also Read