India: Fortis' Singh brothers resign from board, said to have taken out $78m from firm

India: Fortis' Singh brothers resign from board, said to have taken out $78m from firm

Malvinder Singh, left, and Shivinder Singh in 2013. Photo: Bloomberg

India’s tycoon Singh brothers took at least 5 billion rupees ($78 million) out of the publicly-traded hospital company they control without board approval about a year ago, people with knowledge of the matter said.

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