Fortis Healthcare gets notice from fraud investigation office seeking information

New Delhi: Fortis Healthcare said it has received a notice from Serious Fraud Investigation Office asking for certain information and documents to be submitted by 9 March.

The corporate affairs ministry has been looking into the affairs of Fortis Healthcare after reports about the financial irregularities emerged regarding the healthcare firm.

The company has received a notice from Serious Fraud Investigation Office, the ministry of corporate affairs seeking certain information and documents as mentioned therein to be submitted by 9 March 2018, Fortis Healthcare said in a BSE filing.

“The company is in the process of collating the said information and will be sharing the same in due course. The financial implication/ compensation/ penalty and quantum of claims has not been referred in the aforesaid letter and hence cannot be ascertained, “ it added.

The development comes against the backdrop of reports that the Fortis Healthcare’s promoters—Malvinder Singh and Shivinder Singh—allegedly took at least $78 million out of the company without any board approval about a year ago.

The SFIO, under the ministry, mainly probes white collar crimes. Fortis Healthcare has also come under the lens of markets regulator Sebi, which has launched an investigation into the alleged regulatory lapses.