SEBI asks Fortis to recover â¹403 crore from Singh brothers
Market regulator SEBI has directed Fortis Healthcare to take necessary steps to recover â¹403 crore, along with interest, from Shivinder Singh, Malvinder Singh and their companies within three months. The brothers had diverted the money from the hospital chain. The regulator also barred them from disposing or alienating their assets and diverting funds except to meet business operation expenses.