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
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
Latest Additions
Raut demands re-election, alleges irregularities in EVMs during Maharashtra polls
Sambhal violence: FIR against SP MP Zia-ur-Rehman Barq, SP MLA’s son
Congress rebel joins Shiv Sena after poll defeat against CM Shinde
Bantwal: Three arrested in Thumbe temple theft case
Bengaluru: BBMP garbage truck driver dies after tree branch falls on him
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.