Fortis denies claim that Singh brothers siphoned off â¹500 cr
Fortis Healthcare has denied reports that its promoters, Malvinder Singh and his brother Shivinder, took â¹500 crore out of the company without board approval about a year ago. Fortis clarified that the billionaire brothers took "loans" amounting to about â¹473 crore. Fortis also denied claims that auditor Deloitte refused to certify Fortis' quarterly results until the funds were accounted for. 