Religare Enterprises Ltd

The Supreme Court has directed the investigating agency to complete the probe into the fund embezzlement case against former Fortis promoter Shivinder Mohan Singh while stating that the probe cannot be going indefinitely. “It has been two years. So should we allow him to be there in jail for 10 years?” the bench led by Chief Justice of India N.V. Ramana noted.

According to the FIR, the accused persons were alleged to have an absolute control in Religare Enterprises Ltd. and its subsidiaries who allegedly put RFL in "poor financial condition" by advancing loan to companies having no financial standing and control by the said accused persons.