UAE tells banks to freeze accounts of NMC founder Shetty, others: sources - Reuters:
United Arab Emirates lenders have been told by the central bank to freeze the accounts of NMC Health shareholder BR Shetty and his family, three sources with knowledge of the matter said.
NMC (NMC.L), which was founded by Shetty in the mid-1970s and has become the largest private healthcare provider in the UAE, was placed into administration this month.
Its shares, which NMC plans to delist in London, were suspended after more than halving in value since December, when short-seller Muddy Waters questioned its financial reporting.
The UAE freezing directive, which was issued by the central bank last week, extends to two other NMC shareholders, Khalifa al-Muhairi and Saeed Mohamed Butti Mohamed al-Qebaisi, the sources, who had seen the order, told Reuters.
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