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India Times // World // Asia

How Indian entrepreneur and NMC Health founder B.R. Shetty lost his $10 billion empire

Wednesday 15th October 2025, 9:15AM

Bavaguthu Raghuram Shetty, an Indian immigrant, built a $10 billion healthcare and finance empire in the UAE from humble beginnings. However, undisclosed debts and financial mismanagement led to NMC Health's collapse, resulting in billions in losses for creditors and Shetty's assets being frozen amidst ongoing legal battles.

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