Modi's friend fled to India after committing the biggest fraud in the history of the UAE

Latest - NNI May 4, 2020: Businessman Bawagatho Raghuram Shetty (BR Shetty), a friend of Indian Prime Minister Narendra Modi, fled to India after committing the biggest fraud in the history of the United Arab Emirates. According to media reports, the Indian businessman had reached Bangalore from Abu Dhabi in February for treatment of his brother, where his brother had died during treatment, after which he has not returned to the UAE and in the meantime, his fraud was exposed.
BR Shetty had borrowed about 3 3 billion from 80 different international and Emirati banks under the name of NMC Hospital and there are still 2 2 billion arrears on the hospital. The Indian businessman has forged documents, fictitious companies, fake Borrowing billions of rupees from Emirati banks by presenting bank accounts and other documents.


After Shetty's escape, the banks lending money to the hospital have also faced difficulties while it has also become difficult for the hospital to repay the loan.

BR Shetty is one of Narendra Modi's friends and was at the forefront of the Indian government's current Kashmir policy. On the other hand, legal action is being taken against fugitive Indian businessman BR Shetty in the UAE and all his bank accounts have been frozen. The companies have been blacklisted. The Emirati Central Bank has also ordered the freezing of accounts of BR Shetty's family members.
Indian businessman BR Shetty, on the other hand, denied the allegations against him and the company, saying that he had not been deceived but had been deceived. He said that his investigation had revealed that several people were named in his name. Fake bank accounts, money transfers and other transactions have been carried out in them as well as fake signatures of which I am not aware.