Topic

fraud

2 articles

NMC Health founder faces $5.4bn fraud trial, six years after UAE's largest private hospital group collapsed

The criminal trial of B.R. Shetty, founder of NMC Health, opens on charges tied to $5.4 billion in alleged hidden liabilities that brought down the UAE's largest private hospital group in 2020.

28 Mar 2026 · 3 min read

NMC Health founder faces $5.4bn fraud trial, six years after UAE's largest private hospital group collapsed

Regulatory & Policy

BR Shetty faces $5.4bn fraud trial over NMC Health collapse, six years on

BR Shetty, who built NMC Health into a FTSE 100 company with 200+ UAE facilities, faces trial over $5.4bn in alleged fraud stemming from the group's 2020 collapse.

28 Mar 2026 · 3 min read