Major Irregularities in ₹500 Crore Charitable Society: Former Ranbaxy Promoters Face New Legal Battle

New Delhi: Former Ranbaxy promoters Shivinder Singh and Malvinder Singh are once again in the spotlight, this time over allegations related to the Flight Lieutenant Rajan Dhal Charitable Society. Malvinder’s wife, Japna Singh, has accused Shivinder and his wife Aditi of fraudulently taking control of the society’s assets, including a ₹500 crore hospital in Vasant Kunj and its annual revenue of ₹30 crore.

Details of the Allegations
According to police officials, Japna Singh filed a complaint with the Economic Offenses Wing (EOW) on 22 October 2025, alleging criminal conspiracy, forgery, and breach of trust. She claims that Shivinder and Aditi unlawfully removed her and other members from the society and installed Aditi’s grandmother, mother, and brother in their place to gain full control.

Impact on Society’s Assets
Through these alleged actions, the accused allegedly seized control of the Fortis Rajan Dhal Hospital, valued at ₹500 crore, and its annual revenue of ₹30 crore. The society had a revenue-sharing agreement with Fortis Hospital Limited since 1 October 2013, entitling it to 15% of the annual revenue, approximately ₹30 crore. It is alleged that these funds were diverted to private accounts.

Investigation Findings
A forensic audit report named ‘Project Prism’, prepared on 10 July 2025, revealed that society meetings between April 2018 and May 2024 were missing from records. Annual General Meeting notices were allegedly tampered with, resignations of members were fabricated, and meetings were falsely shown to have been conducted in small, empty flats. Police have been asked to examine bank accounts for a money trail and seize all records from the Registrar of Societies and the Income Tax Department.

Previous Controversies
Shivinder and Malvinder were earlier jailed in October 2019 in connection with the alleged ₹2,397 crore embezzlement from Religare Finvest and its parent company, Religare Enterprises. During this time, conman Sukesh Chandrashekhar allegedly defrauded Aditi and Japna Singh, claiming to be a senior government officer and promising to secure Shivinder’s bail, extorting ₹203.5 crore in installments. Sukesh was arrested on 12 August 2021 following Aditi’s complaint.

This latest legal battle underscores ongoing disputes over one of India’s most high-profile corporate families and raises serious questions about governance and transparency in charitable organizations.