Where Are The Singh Brothers Now? A Look At Their Lives Today

Malvinder Singh and his younger brother Shivinder Singh, former promoters of Ranbaxy, have been in Tihar jail for two years. The brothers set up two offshore firms in the British Virgin Islands, according to records revealed in the Pandora Papers investigated by The Indian Express.

The Singh brothers were once prominent figures in the Indian pharmaceutical industry. They inherited Ranbaxy from their father, Parmajit Singh, and grew the company into one of India’s largest pharmaceutical exporters. However, the brothers’ fortunes took a turn for the worse in 2013, when Ranbaxy was acquired by Japanese pharmaceutical giant Daiichi Sankyo. After the acquisition, the brothers faced allegations of financial irregularities and fraud, which led to a series of legal battles. In 2017, the brothers were arrested and charged with misappropriating funds from their company, Religare Enterprises.

The Pandora Papers investigation revealed that the Singh brothers had set up two offshore firms in the British Virgin Islands, Fortuna FZC and Gallen Holdings, which were used to transfer millions of dollars out of India. These revelations further added to the legal troubles of the Singh brothers.

Currently, the Singh brothers remain in Tihar jail, awaiting the outcome of their legal proceedings. Their case highlights the complex and often opaque world of offshore finance, and the challenges of holding wealthy individuals accountable for financial crimes.