Dubai: Will Dr. B.R. Shetty win it in the US? More specifically, in a New York court of law, where he has sought damages totalling more than $7 billion against his former audit firm, banks, and senior executives of Abu Dhabi headquartered NMC Health, the UAE Exchange Centre and NeoPharma, a pharmaceutical business that he owns.
Informed sources in the UAE who had dealt with Shetty in the past are baffled that he has taken on a legal battle in the US despite being involved in sundry legal issues in the UAE, in the UK courts and in India. His assets are under freeze through various court orders, and he remains stuck in India despite repeatedly announcing that he wants to fly back to the UAE to clear his name.
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Dubai tycoon BR Shetty sues BoB, EY, Dutch bank - The Hindu BusinessLine
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