Delhi HC asks Malvinder Singh to deposit 3.5 million Singapore dollars

Aditi Singh September 6 2018
Malvinder Singh

The Delhi High Court today asked former Ranbaxy promoter Malvinder Singh to deposit 3.5 million Singapore dollars with it.

Malvinder received the said amount from the sale of 45 lakh of his shares in Singapore stock-exchange listed Religare Health Trust in April 2018.

This sale, Justice Rajiv Shakder noted, was “undoubtedly” in “disobedience” of a February 19, 2018 order of the Court directing Malvidner and younger brother Shivinder Singh to not sell or mortgage any of their assets.

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