Archive · Business Recorder
India's Bank of Baroda says it will defend interests after UAE businessman Shetty files $15bn suit
MUMBAI: India’s Bank of Baroda BOB.NS on Wednesday said it will protect its interests, a day after UAE-based businessman and founder of NMC Health filed a $15 billion case against the lender and 25 other defendants in the Bombay High Court. NMC Health founder B.R. Shetty alleged that Bank of Baroda and several current and former employees helped facilitate a fraud that contributed to the collapse of the Middle East healthcare group, according to a court filing reviewed by Reuters. The firm, then the Gulf’s largest private healthcare provider, was placed under administration in 2020 after month...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →