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BR Shetty’s NMC Health nears $250mn debt financing: Sources

According to sources, B R Shetty's NMC Health is all set to sign off on a $250 million debt financing from UAE banks. The...

NMC Healthcare restructuring plans could be based at Abu Dhabi

BR Shetty owned NMC Healthcare LLC, the UAE company of NMC Health is considering applying locally for restructuring and insolvency proceedings, according to sources...

BR Shetty’s Travelex gives control to its lenders

Travelex, the travel exchange firm owned by Finablr Group of BR Shetty has agreed towards providing its lenders full ownership of the company in...

NMC Health lists for insolvency in the US

UAE based hospital operator NMC Health which has been battered by accusations of a multi-billion dollar scam has registered bankruptcy protection in the United...

$1 billion worth hidden debt may have been used for purposes...

New findings by investment bank Houlihan Lokey and independent investigator Kroll have raised the total liability of the firm, excluding that of Travelex, to...

Serious fraud and wrongdoing appears to have taken place at NMC...

BR Shetty has pledged to clear his name after his own legal and forensic investigations revealed "serious fraud and wrongdoing appears to have taken...

UAE to freeze assets of B.R. Shetty

Several organizations affiliated with Mr. Shetty were blacklisted by the UAE Central Bank Today, Official sources from UAE reported that the UAE Central Bank has...
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