Get latest articles and stories on Latest News at LatestLY. Capital markets regulator Sebi on Thursday imposed a penalty totalling Rs 60 crore on 10 entities, including Malvinder Mohan Singh and Shivinder Mohan Singh, in a case involving the diversion of funds of Religare Finvest. Latest News | Religare Finvest Fund Diversion Case: Sebi Imposes Rs 60 Cr Fine on Singh Brothers, 8 Others.