the bank that enabled the fraud is being asked to enable the refund.
BR Shetty sues Bank of Baroda for $15 billion, alleges lender enabled NMC fraud
NMC Health founder BR Shetty has filed a $15 billion lawsuit against Bank of Baroda in a US court, accusing the state-owned Indian lender of enabling the accounting fraud that collapsed his hospital empire. Shetty claims the bank knew about irregularities and helped conceal them while NMC's shares were wiped out. The claim is more than double the company's value at its peak. Bank of Baroda has not commented on the filing.
Source: BR Shetty sues Bank of Baroda for $15 billion, alleges lender enabled NMC fraud — BusinessLine
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