From Billionaire to Bankruptcy: The B.R. Shetty Saga

IC The Economic Times [{ "selector": ".pqknj-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-331px)", "opacity": "1", "visibility" :"visible" }, {"offset": 1, "transform": "translateX(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".bkxqa-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }]

Humble Beginnings

IC Channeliam / Channel I'M English B.R. Shetty arrived in the UAE in 1973 with just ₹365. He started as a medical representative and later founded NMC Health in 1975. [{ "selector": ".umokz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 376px))", "opacity": "50%", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "50%", "visibility" :"visible"} ] }, { "selector": ".cjxpt-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".acnfs-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 435.5px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".dxkle-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 469px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

Building an Empire

IC Channeliam / Channel I'M English Shetty expanded his ventures to include UAE Exchange and Travelex, amassing a fortune estimated at ₹18,000 crore. [{ "selector": ".trdff-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 376px))", "opacity": "50%", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "50%", "visibility" :"visible"} ] }, { "selector": ".ipqjf-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 435px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".aitix-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 458px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

Lavish Lifestyle

IC Channeliam / Channel I'M English His wealth afforded him multiple floors in Dubai's Burj Khalifa, luxury cars like Rolls-Royce and Maybach, and a stake in a private jet. [{ "selector": ".pfusp-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 376px))", "opacity": "50%", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "50%", "visibility" :"visible"} ] }, { "selector": ".noogb-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 434px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".erblp-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 457px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

The Unraveling Begins

IC South China Morning Post In December 2019, short-seller Muddy Waters alleged financial irregularities in NMC Health, leading to a sharp decline in its stock value. [{ "selector": ".mdkmd-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 376px))", "opacity": "50%", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "50%", "visibility" :"visible"} ] }, { "selector": ".nutfw-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 441.5px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".fubxf-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 458px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

Hidden Debts Exposed

IC Hidden Debts Exposed Investigations revealed over $6.6 billion in undisclosed debts. NMC Health entered administration in April 2020. [{ "selector": ".ltddk-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 377px))", "opacity": "50%", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "50%", "visibility" :"visible"} ] }, { "selector": ".axbum-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 429px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".wgfei-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 461px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]