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NMC funds allegedly used for Shetty luxury assets, court hears

Summary by AGBI
BR Shetty gives evidence Allegations concern jet and apartment ‘Nobody can be trusted’, says founder Funds from the now-collapsed Abu Dhabi-based NMC Health were allegedly used to acquire a private jet for founder BR Shetty, fit out his Burj Khalifa apartment and facilitate corporate acquisitions, a court heard last week. Shetty, one of the three defendants in a $5.4 billion fraud case brought by the company’s administrator, gave evidence at the…
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AGBI broke the news on Monday, April 20, 2026.
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