NMC founder sues EY, banks and execs for $8 billion over alleged fraud By Reuters – Investing.com
- Date: 23-Jul-2021
- Source: Investing.com
- Sector:Financial Services
- Country:UAE
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."