Ranbaxy Laboratories' ex-promoter Malvinder Singh has been arrested by the Enforcement Directorate(ED) in a money laundering case.
The Enforcement Directorate had initiated a money laundering probe against Mr Singh and Shivinder -- both ex-promoters of Ranbaxy-- taking note of the fraud case filed by Religare Finvest in December last year.
The brothers-- charged with cheating, fraud and misappropriation of funds- were arrested last month. Earlier this week, Shivinder Singh, Malvinder Singh and three others were sent to four-day police custody in the fraud case.
Ex-top executive of Religare, Sunil Godhwani, who was also in the custody of the Delhi Police, has also been arrested by the Enforcement Directorate, news agency PTI reported today.