B.R. Shetty seeks Bank of Baroda records, financial security in new applications
In an earlier suit, B.R. Shetty sought $15 billion in damages from Bank of Baroda, its officials and other defendants over their alleged role in transactions linked to the NMC fraud
B.R. Shetty, the founder of NMC Healthcare and UAE Exchange, has filed two applications before the Bombay High Court seeking access to Bank of Baroda's records and financial security for his damages claim. The first application requests forensic preservation of electronic records and disclosure of relevant bank records, including communications, transaction data, emails and records from banking and payment systems.
Shetty also seeks a court-appointed commissioner to inspect and preserve these records, which would have power to take custody of the evidence by forensic imaging and preserve it under seal with hash values and chain of custody. The second application asks the bank to provide the security amount Shetty has claimed, or any such amount as fixed by the court, in a reserve that would not be available for distribution.
Shetty alleges that the bank ignored repeated anti-money laundering alerts and processed transactions linked to alleged round-tripping and disputed signatures.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
