New Delhi, Jan 6 (PTI) Religare Enterprises Ltd (REL) on Saturday said it has requested Enforcement Directorate to expedite investigation into money allegedly siphoned off by erstwhile promoters.

ED officials, on the basis of a complaint by the present management of Religare Finvest Ltd (RFL) -- a subsidiary of REL -- and pursuant to the ongoing investigation with respect to corporate loan book, collected relevant information/documents on January 5, 2024 to expedite the investigation as per request made by RFL recently, REL said in a filing.

Also Read | RPF Recruitment 2024: Notification Released For 2,250 Constable and SI Posts; Know Age Limit, Educational Qualification and Other Details.

REL said it stands committed to recover the amount siphoned off from REL and its subsidiaries by the erstwhile promoters Malvinder Mohan Singh, Shivinder Mohan Singh and their associates and affiliates.

Multiple cases have been initiated towards the same and various agencies are investigating these transactions.

Also Read | GATE 2024 Admit Card for Graduate Aptitude Test in Engineering Examination Likely To Be Released Today at gate2024.iisc.ac.in, Know How To Download.

RFL has promised its lenders that they will make all possible efforts to recover siphoned off funds and in line with the same, RFL has commissioned a forensic audit to trace assets/money trail.

(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)