REL’s ex-chairman Sunil Godhwani arrested for alleged Rs 800-cr fraud

Former chairman and managing director of Limited (REL) has been in connection with a 2020 case related to fraud worth Rs 800 crore, police said on Tuesday.

Godhwani, who was already in judicial custody in a case registered by the Economic Offenses Wing of the Delhi Police for allegedly misappropriating funds of Religare Finvest Ltd (RFL), was taken on a production remand and then arrested, they said.

Joint Commissioner of Police (Economic Offenses Wing) Chhaya Sharma said, “He was already under judicial custody in another case. Meanwhile, there was a case going on which was registered in 2020 and he was in that fraud case worth Rs 800 crore. He was taken on production warrant and in the present case.”

In the RFL case in 2019, police registered an FIR against Godhwani, Malvinder Mohan Singh, Shivinder Mohan Singh and others on a complaint from the firm’s authorized representative for allegedly diverting the company’s money and investing in other , REL was earlier promoted by the Singh brothers.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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