It is alleged that Singh brothers Malvinder Singh and Shivinder Singh has diverted funds which could be more than Rs. 2,000 crore according to the trail of funds uncovered by the Serious Fraud Investigation Office (SFIO). There seem to be six firms linked with Singh brothers to divert Fortis funds to Gurinder Singh Dhillon and Sanjay Godhwani. Malvinder Singh claimed his brother Shivinder connived with Dhillon to sell these firms to RHC Holdings.

Some of these facts came into limelight when Malvinder Singh filed complained with the Economic Offences Wing in Delhi and findings by SFIO. This lead to a bigger picture of a series of transactions between RHC Holding Pvt. Ltd, the holding company promoted by brothers Malvinder and Shivinder Singh, wherein RHC extended loans worth Rs. 5,482 crore to Dhillon family members, their associates or entities controlled by them.

The twist in the story comes when Dhillon sought to discharge himself from the said liabilities, asking the Singh brothers to sign a family settlement that would encompass no legal proceedings or criminality in any circumstance against him. 

As per the proposed settlement between Shivinder Singh and Dhillion, Shivinder was

supposed to receive a position to head the Radha Soami Satsang Beas sect—one that Dhillon would abdicate .to which Malvinder disagreed. In exchange, the Singh brothers agreed to write off these loans on paper as bad debt.

This fraud amount and event will uncover only after investigation of the Economic Offences Wing in Delhi and SFIO is completed and the final findings are published.