NMC founder sues EY, banks and execs for $8 billion over alleged fraud By Reuters – Investing.com

NMC founder sues EY, banks and execs for $8 billion over alleged fraud By Reuters – Investing.com

By Abhirup Roy

MUMBAI (Reuters) - B.R. Shetty, the founder of stricken UAE hospital operator NMC Health, has sued auditor EY, two former top executives of his companies and two banks in a U.S. court, seeking $8 billion in damages for an alleged multibillion-dollar fraud at his group.

EY said in a statement: "We believe this case is without merit and we intend to defend it vigorously."