Banks asked to search and seize B R Shetty’s accounts in UAE

News Network
April 26, 2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

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Angry Indian
 - 
Monday, 27 Apr 2020

when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

 

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.

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News Network
October 8,2024

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New Delhi: The Congress on Tuesday afternoon filed a formal complaint with the Election Commission regarding a delay in publishing the leads and results of the Haryana poll. In a brief letter the opposition party said that between 9 and 11 am there was "an unexplained slowdown in updating of results".

"As you can imagine this allows bad faith actors to spin out narratives that undermine the process. You can see examples of it already playing out on social media. Our fear is also that such narratives can then be used by these mala fide actors to influence processes where counting is still underway, i.e., in most of the counting centres," the Congress told the Election Commission.

"We request you to issue immediate directions to your officials to update the website with true and accurate figures, so that false news and malicious narratives can be countered immediately."

Minutes earlier the Congress' Jairam Ramesh said, "... we hope the Election Commission will answer our questions. The results of 10-11 rounds are out... but only four to five rounds are updated on the site." He also flagged those "trying to build pressure by sharing outdated and misleading trends..."

The Congress had raced into an early lead in Haryana as postal votes were counted, only for the BJP to stage a thrilling comeback late morning as ballots were opened. The ruling party then raced into a lead of its own, which it has held since; at noon the BJP held 48 seats - two over the majority mark.

Early celebrations at the Congress' Delhi HQ ground to a halt as the party - which is set to win the first Jammu and Kashmir election in a decade - contemplated a third straight defeat in Haryana.

The party's senior leader in the state - Kumari Selja, who is also in the Congress' chief ministerial race - told NDTV the Election Commission will "have to answer" the question posed.

 "Why is the counting going slowly? It was fine during the Lok Sabha election... so why is the counting going slowly now? It is the responsibility of the EC to tell the world why counting has slowed," she said.

Mr Ramesh, however, insisted the party remains confident.

"There is no need to be disheartened..." he told ANI, "Mind games are being played. There is no need to be disheartened. We are going to get the mandate. Congress will form the government."

The BJP's Sudhanshu Trivedi responded swiftly, declaring the complaining meant the Congress had "accepted defeat". "If Congress has started pointing fingers at Election Commission then we should understand they have accepted defeat..." he told reporters, "Per current trends I feel we are moving to an important win and Congress has started taking precautionary measures for future defeat."

The Congress had made similar complaints in June, when votes were being counted for the general election. Then Mr Ramesh implied the poll panel may have received "orders" to slow down counting.

In that case he had flagged apparent delays in publishing results for seats in Uttar Pradesh and Bihar, which account for over 120 seats between them and in which the ruling BJP (and its ally, the Janata Dal United) was facing a tough challenge from the Congress-led INDIA bloc and its allies. 

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News Network
September 29,2024

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Jerusalem, Oct 28: Israel said on Sunday it was carrying out new air raids against civilians and Hezbollah targets in Lebanon, after assassinating resistance group’s leader Hassan Nasrallah.

Hezbollah confirmed on Saturday that its leader Nasrallah was assassinated in an Israeli strike a day earlier on Beirut’s southern suburbs, dealing a massive blow to the group he had led for decades.

Lebanon has declared three days of mourning for Hassan Nasrallah.

The development marks a sharp escalation in nearly a year of tit-for-tat cross-border fire between Hezbollah and Israel, and risks plunging the whole region into a wider war.

Israel continued to pound Lebanon on Sunday, with the ruthless military confirming it attacked dozens of targets in the territory of Lebanon in the last few hours.

The military has attacked hundreds of Hezbollah targets throughout Lebanon since Saturday, it said, as it seeks to disable the group’s military operations and infrastructure.

Israel has raised the prospect of a ground operation against Hezbollah, prompting widespread international concern.

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News Network
September 28,2024

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The Lebanese Hezbollah resistance movement has confirmed the assassination of its secretary general Sayyed Hassan Nasrallah in massive Israeli airstrikes targeting residential buildings in southern Beirut on Friday.

“His Eminence, the Master of Resistance, the righteous servant, has joined his Lord and His pleasure as a great martyr — an outstanding, courageous, wise, and insightful leader — joining the ranks of the radiant martyrs of Karbala in the divine journey of faith, following in the footsteps of the prophets and martyr imams,” Hezbollah said in a statement on Saturday afternoon.

“The leadership of Hezbollah vows to the highest, most sacred, and dearest martyr in our journey, filled with sacrifices and martyrs, to continue its struggle against the enemy, supporting Gaza and Palestine, and defending Lebanon and its steadfast, honorable people,” it added.

Since Friday afternoon, Israeli warplanes have conducted over 30 airstrikes, targeting residential buildings in Burj al-Barajneh, Kafaat, Choueifat, Hadath, al-Laylaki, and Mreijeh, with local media reporting upwards of 300 casualties as a result of the aggression.

Footage broadcast by al-Manar television channel from the crowded area of Beirut’s Dahiyeh shows flattened buildings, streets filled with rubble and clouds of smoke and dust above the area.

Martyrs’ Square, Beirut’s central public area, was crowded with exhausted and anxious families sheltering outdoors.

The recent attacks are part of the Israeli regime’s intensified assault on Lebanon, which has become more deadly this week, resulting in over 700 deaths nationwide since Monday.

The new attacks came less than a week after the Tel Aviv regime killed 38 people, including three children and seven women as well as senior Hezbollah commander Ibrahim Aqil in an attack on a residential building in a southern Beirut suburb.

Earlier on Saturday, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei said the brutal attacks by the “rabid Zionist dog” on Lebanon revealed the shortsightedness and foolish policies of Israeli officials, calling on all Muslims to unite behind Lebanese people and Hezbollah.

“The Zionist criminals need to know that they are far too weak to be able to inflict any significant damage on the solid structure of Lebanon’s Hezbollah. All the resistance forces in the region stand with and support Hezbollah,” the Leader said in a statement on Saturday.

“The Lebanese have not forgotten that there was a time when the soldiers of the occupying regime were advancing toward Beirut, and Hezbollah stopped them, and made Lebanon proud. Today too, by the grace and power of God, Lebanon will make the transgressing, malicious enemy regret its actions,” Ayatollah Khamenei noted. 

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