NMC fraud: BR Shetty, ex-CEO could repay nearly Dh20 billion after Abu Dhabi ruling
Gulf News ·
BR Shetty and Prasanth Manghat face liability for Dh20 billion after Abu Dhabi court ruling on NMC fraud case.
NMC Healthcare founder BR Shetty held liable for $5.4 billion fraud in Abu Dhabi - All you need to know about the case
BR Shetty and Prasanth Manghat face liability for Dh20 billion after Abu Dhabi court ruling on NMC fraud case.
4 sources · 4 articles · updated 2026-11-08 12:16 UTC · business
Coverage
Abu Dhabi court rules BR Shetty, ex-CEO liable in $5.4 billion NMC Health case
Khaleej Times ·
The ADGM Courts ruled that NMC Healthcare’s founder and its former CEO knowingly took part in a fraud that stripped assets from the group and hid its true financial position for eight years
Abu Dhabi court finds BR Shetty liable in NMC case involving $5.39bn
The National ·
ADGM court found that the former NMC chief knowingly participated in an eight-year fraud
NMC Healthcare founder BR Shetty held liable for $5.4 billion fraud in Abu Dhabi - All you need to know about the case
Mint ·
A UAE court held NMC Health co-founder BR Shetty and former CEO Prasanth Manghat liable for knowingly participating in fraudulent trading, including concealing billions in borrowings. The court set $5.397 billion as starting point for assessing their contributions to NMC’s assets.