Dubai court freezes NMC founder Shetty’s as­sets

The Daily Telegraph - Business - - Business -

The as­sets of NMC Health founder BR Shetty have been frozen by a Dubai court at the re­quest of a Dutch bank. The world­wide freez­ing or­der was brought by Credit Eu­rope Bank’s Dubai busi­ness against Mr Shetty and NMC over the non-pay­ment of $8.4m (£6.6m) in out­stand­ing debt. The bank said about $25m in se­cu­rity cheques is­sued by Mr Shetty bounced.

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