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March 04, 2021
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The Economic Offences Wing (EOW) of the Delhi Police has named Sunil Godwani, former MD of financial services firm Religare Enterprises, as the beneficiary of ₹34 crore in the corporate loan-book fraud, in its supplementary charge-sheet, sources told
BusinessLine.
The total outstanding in the corporate loan book as on December 2020 is ₹2,967 crore. Godwani is also a co-accused in the loan scam involving Laxmi Vilas Bank, where Religare deposited nearly ₹900 crore with the bank, which was used by the bank to further lend to entities linked to Shivinder and Malvinder Singh, erstwhile promoters of Religare Group.
Malvinder, Shivinder, Godhwani, Kavi Arora and Anil Saxena were arrested in the case by the EoW Economic Offences Wing (EOW) of Delhi Police in 2019, for allegedly diverting RFL s money and investing in other companies. An FIR was registered in March 2019, after the police received a complaint from RFL s Manpreet Suri against Malvinder, Shivinder