The Directorate of Enforcement investigation into Religare Finvest reveals that ₹400 crore was allegedly diverted to Hong Kong. Former Fortis promoters Malvinder and Shivinder Singh are charged under the Prevention of Money Laundering Act in the investigation. Four shell companies and inter-corporate deposits were used to divert ₹750 crore to erstwhile Lakshmi Vilas Bank. Read The Rest at :
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