Tuesday, February 11, 2020

Fortis acquisition by IHH is under SFIO scanner

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The $1.3-billion takeover offer for Fortis Hospitals by Malaysia’s IHH Healthcare has now come under the scanner of the Serious Fraud Investigation Office .

The central agency has widened its ongoing probe into alleged financial irregularities at Fortis to also cover the July 2018 deal, which was the biggest foreign direct investment offer in the hospitals space, according to sources.

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