ADGM Court Finds NMC Founder B.R. Shetty, Former CEO Liable For Fraudulent Trading
Forbes ME · 8 Nov 2026

ADGM Court Finds NMC Founder B.R. Shetty, Former CEO Liable For Fraudulent Trading

The Abu Dhabi Global Market (ADGM) Court of First Instance has found NMC Healthcare founder B.R. Shetty and former CEO Prasanth Manghat liable for fraudulent and wrongful trading in connection with a fraud that concealed the healthcare group's true financial position over eight years, according to a judgment issued Thursday.


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