B R Shetty’s assets seized by UAE authorities

Team Udayavani, Apr 27, 2020, 2:34 PM IST

Dubai: The Central Bank of the UAE has directed banks in the country to immediately freeze all accounts of the Udupi-origin health and medical industry bigwig B R Shetty, founder of NMC Healthcare here.

This comes after the London-based FTSE-100 index delisted NMC Healthcare on April 27.

NMC Healthcare debts are alleged to be totalling $6.6 billion.

The Abu Dhabi Commercial Bank (ADCB), with Dh3 billion, loaned to NMC has the highest share in NMC’s total loans.

The ADCB has filed a criminal complaint against Shetty, his family and six others related to his conglomerate on the charge of fraud and forgery.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

IPL Auction 2025 | GT buy Washington Sundar for Rs 3.20 crore; Shaw, Shardul go unsold

Virat Kohli doesn’t need our support, but we need the support of Kohli: Bumrah

INDIA bloc seeking JPC probe into Adani ‘scam’, govt scared of debate: Congress after LS, RS adjourned

Burglars decamp with cash Rs 1 crore, 300 gold sovereigns from house in Kerala

Raut demands re-election, alleges irregularities in EVMs during Maharashtra polls

Perth Test: Bumrah leads India to its biggest Test win on Australian soil

Sambhal violence: FIR against SP MP Zia-ur-Rehman Barq, SP MLA’s son

Related Articles More

COP29: India rejects new USD 300 billion climate finance deal

Royal tour of India in offing for King Charles, Queen Camilla: Report

Indian-American leaders applaud PM Modi for inclusive growth in India

COP29: Civil society protests climate finance proposal, calls for ‘no deal’ over ‘bad deal’

Bomb disposal squad tackles ‘security incident’ at UK’s Gatwick Airport

MUST WATCH

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar


Latest Additions

IPL Auction 2025 | GT buy Washington Sundar for Rs 3.20 crore; Shaw, Shardul go unsold

ED conducts raids in Delhi-NCR in real estate ‘fraud’ linked money-laundering case

ED conducts raids in Delhi-NCR in real estate ‘fraud’ linked money-laundering case

Delhi Police arrests man for stealing gold jewellery worth Rs 1 crore

Virat Kohli doesn’t need our support, but we need the support of Kohli: Bumrah

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.