NMC Healthcare founder BR Shetty held liable for $5.4 billion fraud in Abu Dhabi - All you need to know about the case
Summary
A UAE court held NMC Health co-founder BR Shetty and former CEO Prasanth Manghat liable for knowingly participating in fraudulent trading, including concealing billions in borrowings. The court set $5.397 billion as starting point for assessing their contributions to NMC’s assets.
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NMC Healthcare founder BR Shetty held liable for $5.4 billion fraud in Abu Dhabi - All you need to know about the case
A UAE court held NMC Health co-founder BR Shetty and former CEO Prasanth Manghat liable for knowingly participating in fraudulent trading, including concealing billions in borrowings. The court set $5.397 billion as starting point for assessing their contributions to NMC’s assets.
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