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Religare Fin Funds Diverted to UK Tax Haven Jersey: ED

The Religare Finvest Ltd (RFL) money laundering probe by the Directorate of Enforcement (ED) has found that funds were was diverted to British tax haven Jersey, according to people in the know. ....

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Religare Finvest Ltd: Religare Finvest funds diverted to UK tax haven Jersey, says Enforcement Directorate

ED s money laundering probe on Religare Finvest Ltd reveals diversion of funds to British tax haven Jersey. Response to letter rogatory (LR) by Jersey authorities being examined. ₹2,036.69 crore allegedly embezzled from RFL. Former Fortis promoters Malvinder and Shivinder Mohan Singh charged with fund diversion. Singh brothers also allegedly diverted money to M3M India Holdings. Fresh evidence leads to ED raids at multiple locations. Complaint by Religare triggers investigation. Chargesheet filed in January 2020 reveals siphoning off public funds. Battle for control between Religare Enterprises Ltd and Burmans of Dabur Group. ....

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