BR Shetty wants Indian probe into former NMC aides, officials

SourceKhaleej Times
SectorEconomy
CountryUnited Arab Emirates

BR Shetty, the founder and former chairman of the embattled NMC Health and Finablr, has sought an investigation by federal Indian agencies into a multi-billion-dollar fraud allegedly committed by former top executives of his companies, sources very close to the businessman confirmed in Bengaluru on Thursday. In a 55-page detailed complaint, a copy of which was made available to Khaleej Times by the source, Shetty said: "I am filing the present complaint against a large, complex and sophisticated corporate and financial fraud perpetrated by  Prasanth and Promoth Manghat, brothers who were the former CEOs of NMC and Finablr." Speaking to Khaleej Times, the source, who is very close to Shetty, said they are expecting an immediate positive action from the investigating bodies. "Mr ...read more...