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...If nothing else, the notice gives a fair summary of events: On 17 December 2019, Muddy Waters Capital LLC (“Muddy Waters”) published a report which set out a number of detailed allegations impugning the...
...Those accounts, EY was informed, were held by NMC’s founder BR Shetty in his personal capacity, but had been erroneously tagged under the name of NMC Healthcare LLC, the memo said....
...The company has said that stakes held by its three largest shareholders, founder BR Shetty and two Emirati partners — Saeed al-Qebaisi and Khalifa al-Muhairi — had been incorrectly reported....
...Both NMC Health and Finablr were founded by Abu Dhabi-based entrepreneur BR Shetty and count Saeed Bin Butti and Khalifa Bin Butti as shareholders....
...Interim findings published on Wednesday night flagged potential discrepancies and inconsistencies in its cash position and uncovered a supply chain financing arrangement apparently used by its founder, BR...
...The judge also queried the level of involvement that Mr Muhairi and Mr Shetty retained at NMC Healthcare LLC, NMC’s main holding subsidiary in the UAE....
...The other leading shareholder is the founder, Indian expatriate entrepreneur BR Shetty. “This has just thrown fuel on to the fire,” the banker said....
...Founded in 1974 in Abu Dhabi by entrepreneur BR Shetty, NMC is one of the region’s success stories. It listed its shares in London in 2012, and joined the FTSE 100 in 2017....
...NMC’s founder, BR Shetty, is one of the UAE’s most prominent expatriate businessmen, having arrived in Abu Dhabi in the early 1970s soon after the federation’s formation....
...Tibi Corazon jacquard side drape high-waist culottes, £618, tibi.com; Proenza Schouler, £755, matchesfashion.com 2....
...Of this, 4.2m shares will be sold by BR Educacional Fundo de Investimento em Participações, a private equity fund vehicle led by financier Paulo Guedes, through a secondary offering....
...NCIL is in turn wholly owned by Abu Dhabi International United Investments LLC, which is in turn wholly owned by His Highness Sheikh Mansour Bin Zayed Al Nahyan (HHSM)”....
...Recent deals include the investment by GP Investimentos, one of Brazil’s biggest private equity managers, of R$503m to buy about 2,000 mobile telephone towers to create a new company, known as BR Towers....
...The company said it earned $618.4m from fees during the year, made up of $176.2m of transaction and monitoring fees and $442.2m of management and incentive fees....
...with guarantees such as Aerus, its pension fund, and government owned Banco do Brasil; and about R$2.3bn to unsecured creditors – mostly leasing companies – Infraero, the government airport authority, BR...
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