Emirates Central Bank decided to freeze the bank accounts of Indian businessman PR Shetty, founder and former chairman of the NMC Healthcare Group.
According to the newspaper, the central bank instructed banks operating in the country to search for and freeze all bank accounts for Shetty.
The central bank’s instructions included the Shetty family’s accounts, as well as those of the companies he owns a stake in.
The Central also listed several companies associated with the Indian businessman on the black list along with its entire senior management, and a number of the key employees of these companies in the list likewise.
NMC recently disclosed that more than $ 6.6 billion in debt had not been disclosed since the health care group's interim financial statements were announced on June 30, 2019.
On April 9th, the United Kingdom’s Supreme Court issued its decision to appoint a judicial guard for NMC, in response to the request made by Abu Dhabi Commercial Bank, and that the company did not object to this request.
BR Shetty, who is facing criminal charges, said in recent press statements that he intends to return to the Emirates as soon as the flights are opened and the restrictions related to the spread of the new Corona virus spread.
