NMC founder sues EY, banks and execs for US$8 billion over alleged fraud

nmc founder sues ey banks and execs for us8 billion over alleged fraud

Sumary of NMC founder sues EY, banks and execs for US$8 billion over alleged fraud:

  • Shetty, the founder of stricken UAE hospital operator NMC Health, has sued auditor EY, two former top executives of his companies and two banks in a U.S. court, seeking US$8 billion in damages for an alleged multibillion-dollar fraud at his group.
  • Shetty, the founder of stricken UAE hospital operator NMC Health, has sued auditor EY, two former top executives of his companies and two banks in a U.S. court, seeking US$8 billion in damages for an alleged multibillion-dollar fraud at his group.
  • ” Several companies linked to the Indian entrepreneur ran into trouble last year after short-seller Muddy Waters questioned NMC’s financial statements.
  • Shetty, now in India, is himself facing a criminal complaint in Abu Dhabi from one of NMC’s lenders, Abu Dhabi Commercial Bank, and fighting court cases in India and Dubai as banks seek to recover loans from his companies.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close