Malvinder also alleged that the dera chief was “threatening” him to sign a settlement, freeing the Dhillons of any financial liability. Nearly four months later, elder Singh brother Malvinder wrote to the Economic Offences Wing, accusing the dera spiritual head of working in “collusion and connivance” with Shivinder to cause “wrongful loss” to him and the shareholders of RHC Holding Pvt Ltd, a firm he once jointly owned with his younger brother. But Prius told the judge that the firm was neither owned by the Singhs, nor was it a downstream company of theirs. Dhillon’s wife Shabnam was earlier listed as a director with Prius. It alleged that the Singhs had siphoned off over Rs 2,000 crore from their companies through loans to Shimal Healthcare and Prius Real Estate. It all began with Japanese drug maker Daiichi Sankyo,which had bought the Singh brothers’ 34.82% stake in Ranbaxy in 2008 for $2.4 billion, filing a case in the Delhi High Court in 2018. ![]() ![]() Dhillon, on the right in the photograph, is the fifth dera chief.
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