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