Barclays Wins $131 Million Legal Spat With NMC Founder

Barclays Wins $131 Million Legal Spat With NMC Founder

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UAE
  • Date: 10-Jan-2022
  • Source: Bloomberg
  • Sector: Healthcare
  • Country: UAE
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Barclays Wins $131 Million Legal Spat With NMC Founder

Barclays Plc won a legal fight to enforce an award of around $131 million against the founder of troubled NMC Health Plc.

The lender turned to a London court after a Dubai judge ordered Bavaguthu Raghuram Shetty to pay the money after his foreign exchange business failed to meet a transaction agreement with Barclays in 2020.

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