India News | REL's Ex-chairman Sunil Godhwani Arrested for Alleged Rs 800cr Fraud: Police

New Delhi, Jun 7 (PTI) Former chairman and managing director of Religare Enterprises Limited (REL) Sunil Godhwani has been arrested in connection with a 2020 case related to fraud worth Rs 800 crore, police said on Tuesday.

Godhwani, who was already in judicial custody in a case registered by the Economic Offences Wing of the Delhi Police for allegedly misappropriating funds of Religare Finvest Ltd (RFL), was taken on a production remand and then arrested, they said.

Also Read | COVID-19 in Goa: Period Between June 15 to July 15 Crucial, Say Experts.

Joint Commissioner of Police (Economic Offences Wing) Chhaya Sharma said, "He was already under judicial custody in another case. Meanwhile, there was a case going on which was registered in 2020 and he was arrested in that fraud case worth Rs 800 crore. He was taken on production warrant and arrested in the present case."

In the RFL case in 2019, police registered an FIR against Godhwani, Malvinder Mohan Singh, Shivinder Mohan Singh and others on a complaint from the firm's authorised representative for allegedly diverting the company's money and investing in other companies. REL was earlier promoted by the Singh brothers.

Also Read | Kerala Gold Smuggling Case: CM Pinarayi Vijayan Says, 'Swapna Suresh's Revelation Is Baseless'.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)