Former Ranbaxy Laboratories CEO Malvinder Singh arrested in Ludhiana

Former Ranbaxy Laboratories CEO and Chairman Malvinder Singh was arrested by the Economic Offenses Wing (EOW) of the Delhi Police on Thursday. He was arrested in Ludhiana, Punjab.

Malvinder has been arrested hours after his brother and former promoter of Religare Enterprises Shivinder Singh was held in connection with an allegedly misappropriating funds of Religare Finvest Limited (RFL) to the tune of Rs 2,397 crore.