The Karnataka High Court on Friday suspended the Lookout Circulars (LOCs) issued by Bank of Baroda and Punjab National Bank and the endorsement issued by Bureau of Immigration against founder of NMC.
Additional properties in Dubai's World Trade Centre and Palm Jumeirah further enriched his portfolio, and he even secured a 50 percent stake in a private jet, purchased for Rs 34 crore in 2014.
Migrant Indian businessman BR Shetty had built the UAE’s largest privately owned health operator NMC Health, which propelled him into the club of the richest billionaires of the world. But a single tweet brought his massive business empire crumbling down.