New Delhi, March 20 -- Raymond Group Chairman & Managing Director Gautam Hari Singhania suffered minor injuries in a speedboat accident in the Maldives. According to his spokesperson, Singhania is currently recovering in Mumbai.

Report from the Maldives claimed that a speedboat carrying tourists capsized near V Felidhoo early on Friday morning.

Singhania was among the tourists, and two other Indian men, including rally driver Hari Singh, are understood to be missing, and search operations are on, news agency PTI reported.

Singhania has been rescued.

Confirming the development, a spokesperson of Singhania was quoted by PTI as saying, "Gautam Singhania suffered minor injuries following an unfortunate accident. He is recovering under due...