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The Economic Times
The Economic Times
Business

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

Bank of Baroda UAE Lawsuit Bank Money Laundering

Mumbai: India's Bank of Baroda on Wednesday said it will protect its interests, a day after UAE-based businessman and founder of NMC Health filed a $15 billion case against the lender and 25 other defendants in the Bombay High Court.

NMC Health founder B.R. Shetty alleged that Bank of Baroda and several current and former employees helped facilitate a fraud that contributed to the collapse of the Middle East healthcare group, according to a court filing reviewed by Reuters.

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