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Suresh Kumar

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NMC's Crisis: Criminal Charges Filed Against BR Shetty, 5 Others
April 16th, 2020 - 09:00 GMT

NMC's Crisis: Criminal Charges Filed Against BR Shetty, 5 Others

Abu Dhabi Commercial Bank, which has the largest exposure of Dh3 billion to NMC Healthcare, has filed a criminal complaint, alleging "fraud and forgery" against six people, including founder BR Shetty, and former CEO Prasnath Manghat, linked to the embattled group. ADCB confirmed the move in a statement on Wednesday but did not identify the accused. However, a copy of the complaint obtained by Khaleej Times identified, besides Shetty and ...
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