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Malvinder Singh, CEO & MD of Ranbaxy

He is one of the former promoters of pharma major Ranbaxy, hospital chain Fortis and financial services firm Religare. In December 2018, a criminal complaint was filed by RFL with the EOW against the Singh brothers, following which a case was filed against them in May 2019. RFL alleged that money from its accounts had been siphoned off and diverted through a labyrinth of financial transactions. Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh were arrested on Oct 11, 2019 by the Economic Offences Wing (EoW) of Delhi Police after some high octane drama for allegedly causing wrongful loss worth Rs 2,397 crore to Religare Finvest Ltd.

10 Indian businessmen who found themselves on the wrong side of law

Call it ill luck or bad business decision or plain wrongful deception, some Indian businessmen have seen their empire crumble before their very eyes. And within moments, from a position of power they have found themselves in police custody.

Take a look at some of the recent and even the most memorable cases where businessmen were arrested for alleged fraud or wrongdoing: