[ By Bobby Anthony ]The Enforcement Directorate has filed a charge sheet against former Ranbaxy owners, Malvinder Mohan Singh and Shivinder Mohan Singh, in connection with the Religare Finvest fraud case.The prosecution complaint filed before Additional Sessions Judge Sandeep Yadav, also named former CMD of Religare Enterprises Ltd (REL) Sunil Godhwani as an accused in the case.Apart from...
The Enforcement Directorate has filed a charge sheet against former Ranbaxy owners, Malvinder Mohan Singh and Shivinder Mohan Singh, in connection with the Religare Finvest fraud case.
The prosecution complaint filed before Additional Sessions Judge Sandeep Yadav, also named former CMD of Religare Enterprises Ltd (REL) Sunil Godhwani as an accused in the case.
Apart from the three persons, the prosecution complaint also named RHC Holdings Pvt Ltd as accused.
The prosecution complaint, filed by the ED through Special Public Prosecutor Nitesh Rana, has accused the three people of money laundering under Sections 3 and Section 4 of the Prevention of Money Laundering Act (PMLA).
After taking cognizance of the charge sheet, the judge posted the matter for scrutiny of documents on January 20.
The court also issued production warrants against the three accused persons who are currently lodged in the Tihar Jail.
According to the ED compliant, the accused alleged acquired proceeds of crime to the tune of Rs 150 crore through Star Artworks Pvt Ltd, derived out of criminal activities and utilized the amount in repayment of its existing liability towards RFL by projecting it as untainted.