Richest Kannadiga, BR Shetty, in trouble

BR Shetty, the richest Kannadiga in the world with an estimated net worth of $1.6 billion, is in trouble. Shares of his flagship company, Abu Dhabi-based NMC Health, has dropped 70% since mid-December, following allegations by an US investment firm that NMC made potential overpayment for assets, inflated cash balances and understated debt.

from Times of India https://ift.tt/327LNXy
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