The UAE government froze the assets of Indian businessman BR Shetty



 NMC Healthcare chairman Shetty wanted by British court over financial scandal

 The UAE government has frozen all the accounts and assets of BR Shetty, a well-known Indian businessman. According to Al Arabiya News, the UAE's central bank has instructed banks operating in the country to freeze all bank accounts of BR Shetty, founder and former chairman of the NMC Healthcare Group.
All banks have since frozen Mr Shetty's accounts, as well as his family's accounts and the bank accounts of companies owned by him, under the direction of the central bank. According to Al-Bayan, the central bank has also ordered the freezing of the bank accounts of senior officials and managers of Indian businessman BR Shetty's companies.

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 NMC recently disclosed a debt of ارب 6.6 billion, which was not disclosed to the Healthcare Group's provisional financial data on June 30, 2019.

 On April 9, the British Supreme Court decided to appoint a judicial guard at the NMC in response to a petition filed by the Abu Dhabi Commercial Bank. The company did not object. BR Shetty, who is facing charges of involvement in a serious financial scandal in the UK, had said in a recent press statement that he intends to return to the UAE as soon as flights resume.
It should be noted that fugitive Indian billionaire Bawa Gotho Raghu Ram Shetty alias BR Shetty, whose fraud cases are pending in a British court. He had said a few days ago that he had come to India in February for personal engagements. He will return to the UAE after the end of the Corona epidemic. According to Arab TV, Indian billionaire BR Shetty is the founder of a health group called NMC and is facing fraud and criminal charges in the UK. ۔

 "I came to Mangalore on February 7 for personal reasons to spend some time with my cancer-stricken brother," BR Shetty said. However, my brother passed away this month at the age of 82. My brother was ill and I had returned to India to visit him. He will return to the UAE as soon as the epidemic of Corona is over. In response to a question, he said that at present it is not possible to travel only because of Corona.
Other than that, I don't have any other travel restrictions. I am currently in India with only my wife while the rest of my family is in Abu Dhabi. Earlier, some media reports said that the BRCT had reached India after fleeing legal proceedings in London. On these reports, Shetty had said that he had remained silent on the allegations against him and his company. I did not answer because I myself am not aware of the facts and I have no idea what happened.