Fist fight deepens Singh bros’ strife
MONTHS after former Fortis Healthcare and Ranbaxi promoter Shivinder Singh decided not to take legal route against his elder brother Malvinder Singh and abide by their mother’s wish for a peaceful settlement, the two brothers (popularly known as Singh brothers and Fortis brothers) were recently involved in a brawl that ended in fist-fight.
The current tension among the two has reached such an extent that Shivinder said the latest incident closes all options for any possible solution to work together with his elder sibling. “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,” Shivinder said in a statement.
Malvinder, in a widely circulated video, alleged that Shivinder assaulted him on Wednesday during an Extraordinary General Meeting of Prius Real Estate, following which he had to go to Ram Manohar Lohia Hospital for treatment. However, Shivinder’s statement dismissed this as “a false and shameless attempt to cast doubt on my integrity”, and went on to add that it was Malvinder who “attempted to forcibly restrain me and pinned me to the wall, chocking me. I tried to push him away in self-defence.”
Shivinder said he even made a made a police complaint, which was later withdrawn following intervention from their family, who sought to keep issues private. Malvinder is yet to comment on Shivinder’s statement.
The relationship between the Singh brothers soured after allegations of fund diversion from the healthcare chain emerged. While the two were collectively blamed for playing an equal role in bringing down the huge empire they once inherited from their father, a major controversy erupted in September when Shivinder had filed a petition before the National Company Law Tribunal (NCLT), alleging that collective and ongoing actions of Malvinder and ex-Religare chief Sunil Godhwani led to a systemic undermining of the interests of companies and their shareholders.
Later, on September 14, he withdrew the petition on his mother’s advice, but had made it clear that he was keeping the option to go back to litigation if the outstanding issues between the two, including payment to Japanese drug Daiichi Sankyo, were not resolved.
Malvinder Singh displays injury on his hands, which he claimed was inflicted by his brother Shivinder Singh