BR Shetty is seeking $7bn in damages in a New York court, alleging former directors of NMC Group companies committed a "massive financial fraud". Reuters
BR Shetty is seeking $7bn in damages in a New York court, alleging former directors of NMC Group companies committed a "massive financial fraud". Reuters

Business

NMC founder BR Shetty seeks $7bn in damages from former banks, auditors and directors

Lawsuit filed in New York alleges six-year conspiracy to hide the true state of the group's finances

Michael Fahy
Michael Fahy

July 22, 2021