The Economic Offences Wing of Delhi Police has arrested a former Group CEO of Religare Enterprises Limited in connection with siphoning off public money of over Rs 2,300 crore, officials said.

The accused has been identified as Krishnan Subramanian, a resident of Rohini in north west Delhi, they said. According to police, Manpreet Singh Suri, AR of Religare Finvest Ltd (RFL), filed a complaint against Malvinder Mohan Singh, Shivinder Mohan Singh, Sunil Godhwani and others holding key managerial posts, alleging that these people having absolute control on Religare Enterprises Limited (REL) and its subsidiaries put RFL in poor financial condition by way of disbursing loans to companies having no financial standings.