BR Shetty flies to India as legal problems

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    BR Shetty flies to India 


       

Bavaguthu Raghuram Shetty is an Indian-born billionaire businessman, and the founder of a number of companies based in the United Arab Emirates. He is founder and chairman of Abu Dhabi-based NMC Health, and chairman of UAE Exchange. He is also the founder and chairman of Neopharma, Finablr and BRS Ventures,

The Indian Layard, BR Shetty, owner of the UAE Exchange and NMC Hospitals Group, UAE Exchange steals 12 UAE banks and exposes them to bankruptcy and fled to India after borrowing 24 billion dirhams, or $ 6.6 billion, and is considered the largest fraud in modern history, which caused a major economic shock in The Emirates and the collapse in the UAE financial markets.


Some of the social Media responses :







Dubai: Dr. B.R. Shetty, founder of NMC Health, has resigned from the Board of Directors. This comes after he was excluded from board discussions for possibly misrepresenting his shareholdings in the company.
Shetty stepped down with immediate effect, along with Chief Investment Officer Hani Buttikhi and board member Abdulrahman Basaddiq, the company has said. Last week, NMC removed Shetty from board meetings on concern he may have misstated his stake.

Location: الهند

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