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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
An ADGM court found that the Indian-origin founder knowingly participated in the misappropriation of assets at what used to be one of the largest healthcare companies in the country.
قصص آنية ومفصلة ومكتوبة بعناية من المنطقة
Timely, detailed and well-written stories from the region
A scathing judgment by the ADGM Court of First Instance has ruled that the disgraced Indian-origin entrepreneur B.R. Shetty knowingly and dishonestly participated in the fraud against NMC Group. This is the company Shetty founded—and one that went from being one of the largest private healthcare groups in the UAE to a collapse in 2020. The court ruled that the group’s former chief executive Prasanth Manghat was a party to the fraud as well.
In a detailed judgment which came out late last week, the court held both Shetty and Manghat liable for fraudulent and wrongful trading. More importantly, it …
آراء حول أحدث التطورات في الأعمال والاقتصاد من محرر الشرق الأوسط
Views on the latest happenings in business and economy from our ME Editor
