Singh brothers are to blame for Fortis’ financial mismanagement, finds probe2 min read . Updated: 28 Jun 2018, 03:35 PM IST
A Fortis Healthcare unit granted unsecured loans worth 445 crore to three firms affiliated to Singh brothersMalvinder Singh and Shivinder Singh without board approval and despite objections from the management
New Delhi: An investigation into the accounts of Fortis Healthcare Ltd by law firm Luthra and Luthra has concluded that former promoters Malvinder Singh and Shivinder Singh are to blame for mismanagement of the company’s finances.
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