Malvinder and Shivinder Singh were counted among the richest businessmen in India. (Photo: BBC/Getty Images)
Former Ranbaxy promoters Shivinder Singh and Malvinder Singh have also been accused of cheating, criminal conspiracy, criminal breach of trust and the misappropriation of funds of over $330 million.
The arrest comes in the wake of India's vigorous crackdown on delinquent borrowers.
Indian pharma firms taking over Pakistan’s share
Religare Finvest had filed a complaint accusing the businessmen of embezzlement.
The Singhs are also accused of siphoning money from Fortis Healthcare, a hospital chain they owned.
The accused, along with three executives, are to be presented in court on Friday.
The brothers had inherited Ranbaxy Laboratories founded by their father and were counted among the richest businessmen of India.
1725612926-0/Tribune-Pic-(8)1725612926-0-405x300.webp "article")
1732177276-0/Copy-of-Untitled-(62)1732177276-0-270x192.webp "snow and freezing weather to disrupt uk travel plans")
1732177123-0/BeFunk_§_]__-(21)1732177123-0.jpg "former uk deputy pm john prescott dies aged 86")
1732179136-0/Copy-of-Untitled-(63)1732179136-0-270x192.webp "google celebrates november s half moon cycle featuring lunar phases")
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ