Delhi HC appoints forensic auditor to examine Fortis-linked transactions in Daiichi case
New Delhi, Aug. 31 -- A Delhi court ordered a forensic audit into Fortis Healthcare transactions, challenging former billionaire founders Malvinder and Shivinder Singh, as Daiichi Sankyo seeks to enforce a Rs.3,500 crore arbitration award.
Justice Subramonium Prasad of the high court granted Daiichi's plea seeking an independent examination of transactions involving Fortis Healthcare Ltd (FHL), Singapore-based RHT Health Trust, Malaysia's IHH Healthcare Berhad and other entities linked to the Singh brothers. The ruling is a significant point in one of India's longest-running legal battles to enforce an international arbitration decision.
The detailed order was not available at the time of publication.
The investigation will scrutinize ...
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