Need 4 more months for probe into case against Fortis promoter Shivinder Singh, Delhi Police tell Supreme Court

New Delhi, October 21

Delhi Police on Thursday told the Supreme Court it needed four more months to complete the probe in a case in which former Fortis Healthcare promoter Shivinder Mohan Singh is accused of misappropriating Rs 2,397 crore of Religare Finvest Ltd funds.

Delhi Police’s Economic Offences Wing gave the timeline before a bench headed by Chief Justice NV Ramana which has now listed Singh’s bail plea for Monday.

“How much time should it take to complete the investigation? It cannot be an unending story,” the bench had observed while asking the police to give a timeline for concluding the probe.

“We will list it on Monday,” the bench, which also comprised Justices Surya Kant and Hima Kohli, said.

Senior advocate AM Singhvi, appearing for Singh, said the accused had been in jail for the last two years. Moreover, his custody is not needed for the investigation as two charge sheets had already been filed, he added.

Delhi Police have said they need four more months to conclude the investigation if unforseen circumstances do not hit the ongoing probe, the bench said after perusing the report of the police. 

In May, the Delhi High Court cancelled Singh’s bail, noting that his detention was necessary to unearth the “conspiracy hatched by him” and trace the alleged siphoned-off money.

The order was passed on a plea by Religare challenging the March 3 order of the trial court granting bail to Singh in the case registered against him by the EOW under charges of cheating, criminal conspiracy and criminal breach of trust.

Singh has moved the top court against the Delhi High Court cancelling the bail granted to him by the trial court in the case. PTI