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Fraud charges: Dubai-based billionaire B R Shetty to drag BoB to court

Shetty is currently in India and trying to return to Dubai to take care of his businesses, but a travel ban issued by BoB has put paid to his plans.

B R Shetty
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B R Shetty

Dev Chatterjee Mumbai
Dubai-based billionaire B R Shetty is planning to drag Bank of Baroda (BoB) to the courts after getting a clean chit from a Dubai-domiciled forensic auditor Wise House Consultants tasked with investigating fund transfers among BRS Group firms.
 
The forensic audit report says Shetty, who built a multi-billion dollar business in Dubai from the ground up, was not only a victim of a complex financial scam involving his group's top executives, but was unfairly targeted by banks and the media as a “defaulter”.
 
Shetty is currently in India and trying to return to Dubai to take care of