market-analysis

NMC funds allegedly used for Shetty luxury assets, court hears

By CityCalc Newsroom · Mon Apr 20 2026 · Source: AGBI

Funds from the now-collapsed Abu Dhabi-based NMC Health were allegedly used to acquire a private jet for founder BR Shetty, fit out his Burj Khalifa apartment and facilitate corporate acquisitions, a court heard last week. Shetty, the defendant in a $5.4 billion fraud case broug…

Funds from the now-collapsed Abu Dhabi-based NMC Health were allegedly used to acquire a private jet for founder BR Shetty, fit out his Burj Khalifa apartment and facilitate corporate acquisitions, a court heard last week. Shetty, the defendant in a $5.4 billion fraud case broug…

Curated by CityCalc from AGBI. Read the full article at the source.

Related articles

Continue exploring