Delhi HC quashes bail to former Fortis chief
The Hindu
Lower court had granted relief in financial misappropriation case
The Delhi High Court on Monday quashed a local court order granting bail to former promoter of Fortis Healthcare Shivinder Mohan Singh in a case of allegedly misappropriating funds of Religare Finvest Ltd. (RFL). Justice Suresh Kumar Kait noted that “continued detention of respondent No.2 (Mr Singh) in this FIR case is necessary not only to unearth the conspiracy hatched by him, but also to derive out/ trace the siphoned money which he has credited for his personal benefit”. The High Court said the “nature and gravity” of accusation against Mr. Singh was serious.
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