π§ HC orders audit in $4.6B pharma dispute
The Delhi High Court has ordered a forensic audit of transactions involving Fortis, IHH, and RHT. This case stems from a $4.6-billion arbitration award Daiichi Sankyo won against Malvinder and Shivinder Singh in 2008. Daiichi is investigating shareholding dilution and alleged clandestine transfers to RHT Singapore. The audit will look at transactions between FHL and IHH, alongside bank conduct issues. The purpose is to ensure sufficient funds are available to satisfy the arbitration award against the Singh brothers. π§