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Religare brothers slapped with another suit

Lawsuit filed in the High Court of Delhi by New York-based investor accuses lending arm of their Religare Enterprises of diversion, siphoning and digression of assets

Shivinder Singh (left) and Malvinder Singh during a news conference in Singapore on July 1, 2010. The brothers have been accused of fraud.


INDIA'S billionaire Singh brothers, already embroiled in one international legal battle over alleged fraud, are being accused of "diversion, siphoning and digression of assets" by a New York-based investor in a lawsuit filed in the High Court of Delhi.

The lending arm of...

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