1/24/2024 0 Comments Rssb beas satsang schedule 2017Both deny any wrongdoing.ĭhillon is a cousin of the Singhs’ mother, and he became a surrogate father to them after the death of their own in the late 1990s. They owe $500 million over fraud allegations related to the 2008 sale of drugmaker Ranbaxy Laboratories. They’re under a criminal probe by financial authorities over 23 billion rupees missing from their listed companies. They’ve had their public shareholdings seized by lenders. Heirs to a generations-old business house once worth billions, the brothers have in the last six months seen a dramatic fall in their fortunes. Some of those outlays were financed with money borrowed from the Singhs’ listed companies, and when combined with other Singh investments gone bad threw their empire into a debt spiral, a Bloomberg News analysis of public records and interviews with 10 people familiar with the finances of both camps showed. Over the years, the brothers’ main holding company loaned about 25 billion rupees ($360 million) to the Dhillon family and property businesses largely controlled by them, according to documents and people familiar with the matter. Amazon Sale season is here! Splurge and save now! Click here
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