Fortis gave â¹445 crore to promoter firms despite objections
A Fortis Healthcare subsidiary granted loans worth â¹445 crore to three firms affiliated with former promoters Malvinder and Shivinder Singh despite management objections. An internal investigation revealed the loans were not authorised by the board. The Singh brothers, who lost control of Fortis after lenders invoked pledged shares, are being probed for siphoning of funds to settle personal debts.