Bank of Baroda to Defend Itself After B.R. Shetty Files $15 Billion Suit
Bank of Baroda said it has not yet been served with a $15 billion lawsuit filed by UAE-based businessman B.R. Shetty, but intends to defend its interests if and when the claim is formally received. The case adds a new legal front to the long-running fallout from the collapse of NMC Health, with Shetty alleging bank officials facilitated fraudulent transactions and ignored anti-money laundering warnings.
