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New Delhi, June 14 The Delhi High Court on Monday set aside an order granting bail to former Fortis Healthcare promoter Shivender Mohan Singh in a case connected with the alleged misappropriation of funds of Religare Finvest Ltd (RFL).The RFL had moved a plea in the High Court against the March 3 trial court order granting bail to Shivender Mohan Singh in the case registered against him by the Economic Offences Wing (EOW) for cheating, criminal conspiracy and criminal breach of trust.A bench of Justice Suresh Kumar Kait noted that Shivender Mohan Singh's detention was necessary to unearth the conspiracy hatched and trace the siphoned off money, which he has credited for his personal benefit."Keeping in mind the factual matrix of the present case as also the pertinent observations of the Supreme Court in various decisions, I have no hesitation to hold that the impugned order suffers from serious infirmities, resulting in miscarriage of justice," he ruld.Citing the nature and gravity of accusation against Shivender Mohan Singh is serious, the court said the grant of bail in a case involving cheating, and criminal breach of interest by an agent of such a large magnitude of money, affecting a very large number of people would also have an adverse impact not only on the progress of the case but also on the trust of the criminal justice system that people repose.The High Court noted that it is not disputed that after passing the March 3 order, considering the seriousness and gravity of the offence, the sessions court on April 1 dismissed the bail application of Malvinder Mohan Singh, who has been ascribed a similar role in the present case."Thus, in my considered opinion, the court below had no ground to grant bail to the respondent No.2 (Shivender Mohan Singh) vide its impugned order dated March 3, as the role of respondent No.2 is not less than above named accused by any stretch of imagination," said Justice Kait in the 29-page judgement setting aside the bail granted to Shivinder Mohan Singh by the trial court.The High Court said the trial court recorded reasons for granting bail to Shivender Mohan Singh, but failed to consider the case pertains to a serious economic offence of high magnitude, where large amount of approximately Rs 2,400 crore, including interest has been siphoned off at the behest of the Singh brothers by diverting it through various financial transactions, by granting loan to the shell companies, of whom they were the directors or promoters or beneficiary in interest.In March 2019, the EOW registered a case on a complaint from RFL's Manpreet Suri against Shivinder Mohan Singh, former Religare Enterprises Ltd CMD Sunil Godhwani and former CEO Kavi Arora and others, alleging that loans were taken by them while managing the firm but the money was invested in other companies.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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