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NMC Health

Businessman BR Shetty seeks CBI, ED probe of NMC, Finablr ex-CEOs over $6 bn scandal

Healthcare

12 October, 2020

Businessman BR Shetty seeks CBI, ED probe of NMC, Finablr ex-CEOs over $6 bn scandal

Indian entrepreneur BR Shetty has filed a complaint with federal investigative agencies in India seeking a probe into two former ......

Bank of Baroda, other lenders count cost of loans in NMC Health collapse

Finance

10 July, 2020

Bank of Baroda, other lenders count cost of loans in NMC Health collapse

As the crisis engulfing his business empire deepened, Bavaguthu Raghuram Shetty met with Bank of Baroda officials in mid-March to ......

NMC founder BR Shetty owes over $250 mn to Bank of Baroda

Healthcare

19 May, 2020

NMC founder BR Shetty owes over $250 mn to Bank of Baroda

Bank of Baroda is seeking to recover loans worth more than $250 million from NMC founder BR Shetty and his ......

NMC founder BR Shetty says private probe finds fraud, wants to clear his name

Healthcare

29 April, 2020

NMC founder BR Shetty says private probe finds fraud, wants to clear his name

The founder of troubled hospital operator NMC Health, BR Shetty, said on Wednesday a probe conducted by his own advisors ......

BR Shetty-founded hospital group NMC Health seeks to delist from LSE

Healthcare

27 April, 2020

BR Shetty-founded hospital group NMC Health seeks to delist from LSE

Troubled hospital operator NMC Health said on Monday it requested its shares be delisted from the London Stock Exchange after ......

NMC Health debt jumps to $6.6 bn; names chief restructuring officer

Healthcare

24 March, 2020

NMC Health debt jumps to $6.6 bn; names chief restructuring officer

Troubled UAE hospital operator NMC Health said on Tuesday its debt pile now stood at $6.6 billion, much higher than ......

Billionaire BR Shetty steps down from Finablr unit Travelex's board

Finance

19 March, 2020

Billionaire BR Shetty steps down from Finablr unit Travelex's board

Currency service provider Travelex said on Wednesday the UAE-based Indian billionaire B.R. Shetty and two other directors have resigned from ......

BR Shetty-founded Finablr raises doubts about future, CEO leaves

Finance

16 March, 2020

BR Shetty-founded Finablr raises doubts about future, CEO leaves

Payments group Finablr on Monday expressed doubts about its ability to continue as a going concern and said its chief ......

NMC Health sacks CEO Prasanth Manghat amid probe into finances

Healthcare

27 February, 2020

NMC Health sacks CEO Prasanth Manghat amid probe into finances

NMC Health has removed Chief Executive Prasanth Manghat with immediate effect and granted its finance chief extended sick leave, as ......

NMC Health turmoil deepens as founder and co-chair Shetty resigns

People

17 February, 2020

NMC Health turmoil deepens as founder and co-chair Shetty resigns

NMC Health's founder BR Shetty has resigned as co-chair of the troubled UAE healthcare group, the latest twist in weeks ......