Delhi HC orders forensic audit into dissipation of Fortis shares in Rs 5,300-crore Daiichi award case
New Delhi, Aug. 31 -- The Delhi High Court on Monday ordered a detailed forensic audit into the alleged dissipation of shares and assets linked to former Fortis promoters Malvinder Mohan Singh and Shivinder Mohan Singh in the long-running enforcement proceedings initiated by Japanese drug major Daiichi Sankyo.
Justice Subramonium Prasad appointed S Ramanand Aiyar & Co., Chartered Accountants, as the forensic auditor and directed it to reconstruct the entire chain of transactions involving shares of Fortis Healthcare Ltd (FHL), the judgment debtors, and the banks and financial institutions that had financed transactions against the shares.
The court said the exercise is aimed at determining how the assets available for satisfying the arb...
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