Pharmaceutical giant Ranbaxy Laboratories’ ex-promoters Shivinder Singh, his older brother Malvinder Singh and three others have been sent to four-day police custody in a Rs. 740-crore fraud case. They have been accused of misappropriating funds of Religare Finvest Ltd. The other three accused are Sunil Godhwani, Kavi Arora and Anil Saxena. The other three accused are Sunil Godhwani, Kavi Arora and Anil Saxena. Mr Godhwani was the managing director of Religare Enterprises, while Mr Arora and Mr Saxena held managerial positions.
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