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Source: Economic Times

Economic Times
Source
Banking Sector
Category
4 min
Read time
14 Oct
Published
Banking Sector
4 min read· Economic Times

Bank of Baroda to defend interests after UAE businessman Shetty files $15 bln suit

Bank of Baroda is contending with a $15 billion lawsuit filed by B.R. Shetty following NMC Health's collapse. Shetty alleges that bank officials facilitated fraudulent transactions and ignored anti-money laundering warnings. The bank is currently pursuing recovery proceedings against Shetty for significant outstanding…

Bank of Baroda is contending with a $15 billion lawsuit filed by B.R. Shetty following NMC Health's collapse. Shetty alleges that bank officials facilitated fraudulent transactions and ignored anti-money laundering warnings. The bank is currently pursuing recovery proceedings against Shetty for significant outstanding

Source: Economic Times