Fist fight deep­ens Singh bros’ strife

The New Indian Express - - BUSINESS -

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

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