NMC Founder BR Shetty Seeks $15 Billion Damages From Nationalised Bank Over Alleged Financial Fraud
Mumbai, October 14, 2026: Dr Bavaguthu Raghuram (BR) Shetty, founder of UAE-based NMC Healthcare and UAE Exchange, has filed a commercial suit in the Bombay High Court seeking over $15 billion (approximately Rs 1.43 lakh crore) in damages from a nationalised bank and others, alleging their role in the financial fraud that led to the collapse of his business empire. The suit, filed through his…
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