Former high-flyer tycoon brothers held in India

Tycoon brothers Shivinder and Malvinder Singh appeared in court Friday accused of siphoning off hundreds of millions of dollars in the latest episode of a crumbling business dynasty. The former owners of the Ranbaxy generic drugs giant, who are said to have lost a fortune worth billions over the past decade, are in court over $337 million diverted from the Religare financial group which they built up.

Copyright Agence France-Presse, 2019

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