Supreme Court stays Bail granted by Delhi HC to ex-Fortis Healthcare promoter Shivinder Singh in Money Laundering case [2.8.2020]

New Delhi, 2.8.2020

The Supreme Court has stayed the bail granted by the Delhi High Court to former Fortis Healthcare promoter, Shivinder Mohan Singh in a money laundering case related to alleged misappropriation of funds at ReligareFinvest Ltd (RFL). Last week a single-judge bench of the Delhi High Court, comprising Justice Anup Jairam Bhambhani, had granted bail to Shivinder Singh on a personal bond of Rs 1 crore and two sureties of Rs 25 lakh each. The Delhi High Court had rejected the directorate’s arguments over declining bail, stating no purpose will be served by keeping him in jail.

Despite the bail order of the high court, Singh could not be released from the jail, because he has another case registered by the Economic Offenses Wing. In this case, all the accused, including Shivinder were arrested by EOW on October 10, 2019. A bench headed by Justice Arun Mishra sought a response from former Fortis Healthcare promoter Shivinder Mohan Singh on a plea filed by the Enforcement Directorate (ED) against the Delhi High Court’s order granting him bail in the Religare Finvest money laundering case.

02 Aug 2020