Singh brothers' feud: Shivinder says latest fight against all options to work with Malvinder – Times of India

0
51
Singh brothers' feud: Shivinder says latest fight against all options to work with Malvinder – Times of India

New Delhi: As the feuding former

Fortis

and

Ranbaxy promoters

– the

Singh brothers

– reportedly visited, young brother

Shivinder Singh

on Friday said the latest incident closes all options for any possible solution to his elder sibling,

Malvinder Singh

.

In the latest twist to their fight, Malvinder Singh in a video circulated on social media claimed that he was hit by Shivinder.

The incident reportedly happened on Wednesday as Shivinder was trying to get a group company, Prius Real Estate, which he has lent around Rs 2,000 crore to companies owned by Gurinder Singh Dhillon and his family.

Brother attacked me: Malvinder; no, he hit me, claims Shivinder

Malvinder, former chairman and MD of Fortis Healthcare, alleged that his younger brother, Shivinder Mohan Singh, assaulted him on Wednesday. Shivinder denied the allegation and said that it was Malvinder who hit him. Malvinder told TOI that Shivinder was trying to disrupt a board meeting of a group company which he has lent around Rs 2,000 cr

The younger brother, in a statement, denied the claim stating, “This is false and a shamless attempt to cast doubt on my integrity.”

Shivinder further said, “It has been clear that for some time that Malvinder and I can not work together.The latest incident is working together for all possible solutions to all options.”

On December 5, he visited “Our office for a scheduled extraordinary general meeting (EGM).” On arriving, I went to find out that one of the directors has stopped due to the ongoing board meeting. unnecessary intimidating tactics being adopted by the (only) other board member, Malvinder’s relative “.

Shivinder further said, “It appeared that Malvinder was trying to cooperate with some of the video record statements under duress. Concerned for the well-being of the employees I entered the room to understand what was going on.”

“Angered on seeing him there”, he added, “Malvinder attempted to forcibly restrain me and pinned me to the wall choking.” I tried to push him into self-defense.

Shivinder said he also made a made a police complaint, which was later withdrawn.

Earlier, showing off a bruise on his forearm, Malvinder said, “He (Shivinder) injured me here. He broke his button and he gave me a bruise here, he bruised me here. here separated him from me. ”

When contacted, Malvinder declined to comment.

The relationship between the Singh brothers, former promoters of Fortis Healthcare and Ranbaxy, went sour after allegations of fund diversion from the healthcare chain emerged.

It is reported to be overgraded for over-payment of arbitration award to Daiichi Sankyo. Shivinder had offered him Rs 3,500 crore to the Japanese drug maker in a dispute related to the acquisition of Ranbaxy Laboratories.

Earlier in September this year, Shivinder had filed a petition before the National Company Law Tribunal (NCLT) alleging that the collective and ongoing actions of Malvinder and ex-Religare chief Sunil Godhwani led to a systemic undermining of the interests of companies and their shareholders.

He had also been charged that his elder brother Malvinder got his wife’s signature, perpetrated illegal financial transactions and led the company into a unsustainable debt trap.

Later, on September 14, the petition was withdrawn by Shivinder from NCLT on his mother’s advice.

LEAVE A REPLY

Please enter your comment!
Please enter your name here