Fortis broth­ers’ spat turns ugly

The Hindu Business Line - - NEWS -

The fight be­tween for­mer pro­mot­ers of Fortis group — broth­ers Malvin­der and Shivin­der — just got uglier with both the broth­ers ac­cus­ing each of other in­dulging in vi­o­lence. While Malvin­der ac­cused Shivin­der of rough­ing him up, the younger sib­ling has de­nied the charge.

“The lat­est in­ci­dent closes all op­tions for any pos­si­ble so­lu­tion to work to­gether,” said Shivin­der Singh.

On Wed­nes­day, Malvin­der cir­cu­lated a video on so­cial me­dia claim­ing that he was bruised on his right arm and as­saulted on the chest by Shivin­der, ear­lier this week. The in­ci­dent re­port­edly took place dur­ing the board meet­ing of group com­pany Prius Real Es­tate.

Shivin­der rub­bished the claim and said, “This is false and a shame­less at­tempt to cast doubts on my in­tegrity. It has been clear to me for some time that Malvin­der and I can­not work to­gether. The gulf be­tween our value sys­tems is clearly too wide. This lat­est in­ci­dent closes all op­tions for any pos­si­ble so­lu­tion to work to­gether.”

On the con­trary, Shivin­der said that he was try­ing to pro­tect him­self in self-de­fence as Malvin­der tried to pin him to a wall and choke him. He al­leged that Malvin­der had been in­tim­i­dat­ing and co­erc­ing some em­ploy­ees to record video state­ments un­der duress.

A po­lice com­plaint was made by Shivin­der and later with­drawn af­ter the fam­ily in­ter­vened.

Al­le­ga­tions of fund di­ver­sion have emerged in the on­go­ing hear­ing of the High Court case be­tween Ja­panese drug­maker Dai­ichi Sankyo and the broth­ers as well as other judg­ment debtors, with Dai­ichi seek­ing pay­ment of ₹3,500 crore that the broth­ers and their com­pa­nies owe the Ja­panese drug-maker.

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