Home >News >India >Delhi HC dismisses former Ranbaxy promoter Shivinder Singh’s interim bail plea

NEW DELHI: The Delhi high court has dismissed the interim bail application of former Ranbaxy promoter Shivinder Mohan Singh who was arrested for alleged misappropriation of funds from Religare Finvest Ltd (RFL).

Singh had sought interim bail citing concerns over the spread of covid-19.

“...petitioner is allegedly involved in offence punishable with more than 7 years of sentence and in more than one case and that too under PMLA (prevention of money laundering act) and hence does not qualify to be released pursuant to directions of the High Powered Committee. In view of the facts noted, this Court finds no ground to grant interim bail to the petitioner," the high court order read.

Shivinder Singh had said, with the overcrowding in jails, no social distancing can be maintained and there is every likelihood of him getting infected.

“..with the kind of experience he has in the health sector, particularly, his experience after having worked when the Uttarakhand was flooded, the petitioner be given an opportunity to do community service by grant of interim bail so that his efforts can result in an all India outreach and he will be able to initiate utilization of available infrastructures with the Government and the Public Sector Undertakings (PSUs) after interacting with officers of the various Ministries and hospitals including private hospitals," Singh said in his plea.

The Enforcement Directorate had opposed the bail stating that suggestions given by the petitioner have been directed to be taken care of by the concerned authorities and thus no further directions can be granted.

The probe agency said the petitioner had already filed an application before the special court, and if any interim bail is to be sought, it should be before the special judge and not the high court.

ED also said allegations against the petitioner are serious in nature, and as per the chargesheet, approximately 2400 crores had been siphoned off by the petitioner and the co-accused in shell companies and to themselves.

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