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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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NMC Health founder intends to rebuild his business empire and repay debts, he says
Dr BR Shetty, managing director and CEO of NMC Group (NMC Specialty Hospital, UAE Exchange, Neopharma), sits for a portrait in his office. Ryan Carter / The National
Dr BR Shetty, founder of BRS Ventures, Finablr and NMC Health, in 2019. Reem Mohammed / The National
Dr BR Shetty, founder of BRS Ventures, Finablr and NMC Health. Ryan Carter / The National
Dr BR Shetty, founder of BRS Ventures, Finablr and NMC Health. Ravindranath K / The National
Dr. B R Shetty and his son, Binay at the NMC Hospital in Abu Dhabi. Andrew Parsons / The National
NMC Health founder intends to rebuild his business empire and repay debts, he says
Dr BR Shetty, managing director and CEO of NMC Group (NMC Specialty Hospital, UAE Exchange, Neopharma), sits for a portrait in his office. Ryan Carter / The National
Dr BR Shetty, founder of BRS Ventures, Finablr and NMC Health, in 2019. Reem Mohammed / The National
Dr BR Shetty, founder of BRS Ventures, Finablr and NMC Health. Ryan Carter / The National
Dr BR Shetty, founder of BRS Ventures, Finablr and NMC Health. Ravindranath K / The National
Dr. B R Shetty and his son, Binay at the NMC Hospital in Abu Dhabi. Andrew Parsons / The National