BR Shetty and the Missing Millions | Al Jazeera World

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  • čas přidán 4. 08. 2020
  • This is a story of a financial scandal, of fortunes won and lost and political collusion in the United Arab Emirates (UAE) that goes right to the heart of Emirati business and politics.
    At the centre of it is a self-made Indian billionaire - Dr BR Shetty.
    As founder of New Medical Centre Health (NMC), Shetty built relationships with the UAE's all-powerful sheikhs that appeared to open doors. Business was booming and, in 2012, NMC was the first Abu Dhabi company to be listed on the London Stock Exchange. The Initial Public Offering (IPO) raised $186m and raised NMC's market value to more than $8bn.
    The first rumblings of financial trouble, however, came in December 2019 when an American investment firm published a damning report on NMC's finances. NMC's shares plummeted by 48 percent, wiping $1.5bn off the Shetty family fortune.
    In April 2020, NMC Health went into administration in the United Kingdom for insolvency. Later that month, the UAE Central Bank ordered the seizure of all of Shetty and his family's assets and Shetty left the country. He now sees himself as the victim, claiming alleged fraud and misconduct within NMC - and has promised to clear his name and restore his business reputation.

Komentáře • 1,3K

  • @vishypai7554
    @vishypai7554 Před 3 lety +250

    Clearly they are all in this together. Just that when the music suddenly stopped Shetty found himself without a chair.

  • @phetso9744
    @phetso9744 Před 3 lety +203

    Money owns life. The more you crave it the more it will own you and you will forget the morality or value of life.

    • @rshabbir1777
      @rshabbir1777 Před 3 lety

      Yes 👏🏽

    • @jasminmina6922
      @jasminmina6922 Před 3 lety +2

      👍 right said

    • @goneviral8814
      @goneviral8814 Před 3 lety +2

      Very well said

    • @wilfredfranco4159
      @wilfredfranco4159 Před 3 lety +4

      So true! How much do one need to live. Never enough for those greedy for more

    • @Ash-do2pv
      @Ash-do2pv Před 3 lety +2

      Its easier said than done, most of these billionaires started as ordinary guys but soon jumped onto an ever increasing staircase. From there ambition takes over and soon enough is no longer enough, numbers game become the norm

  • @reyazabedin6201
    @reyazabedin6201 Před 3 lety +61

    In india 30% of indian companies doing same practice but not face any problem because have nexcess. Looting indian bank and public money

    • @CosmosChill7649
      @CosmosChill7649 Před 5 měsíci

      Indian companies are deliberately destroyed by the brahmins and banias from the inside, so that they can become privatised ( to brahmins and banias ) when the other party comes to power

  • @davidsebastianhartono
    @davidsebastianhartono Před 3 lety +149

    The fraud’s quite simple actually. Take a loan, make yourself look good. Stocks go up, your valuation goes up. You can take a bigger loan to make yourself look better. And the circle continues.

  • @MohomedNaizer
    @MohomedNaizer Před 3 lety +183

    Its not rise and fall.. its rise and escape.....!!

  • @anfechtung-143bgb4
    @anfechtung-143bgb4 Před 3 lety +77

    What we learnd about EY Auditing in 2020 so far:
    Everything fine with Luckin Coffee -EY
    Everything fine with Wirecard - EY
    Everythig fine with NMC -EY
    I dont know, maybe i should just start shorting companies audited by EY ?

    • @pankajkumarrauthan
      @pankajkumarrauthan Před 3 lety +2

      Muddy water must have scanned them already.

    • @varunemani
      @varunemani Před 3 lety +1

      😆🕶

    • @malikashtar7216
      @malikashtar7216 Před 3 lety +1

      😂 😂 😂

    • @parthy5386
      @parthy5386 Před 3 lety +4

      Deloitte, pwc even have their fair share of frauds too. Big 4 s corrupt

    • @justinajones3000
      @justinajones3000 Před 3 lety +3

      That's funny! Excellent financial humor! start shorting companies audited by EY

  • @Dr.Zubair
    @Dr.Zubair Před 3 lety +381

    Its good to see our willful defaulters are doing nice job not just in home but also in abroad.

    • @jagamurali
      @jagamurali Před 3 lety +5

      Manghat Brothers from Kerala , CEO’s of Finablr And healthcare who got elevated to top positions within short periods of time, and helped the group to get listed in LSE were also been dismissed by shetty , followed by claiming himself as the victim..

    • @abraham_joy
      @abraham_joy Před 3 lety +24

      Money laundering at its height. Emiratis and BR Shetty a silent partner of bjp/rss together cheating innocent people. Shame .!

    • @anirudhhariharan5819
      @anirudhhariharan5819 Před 3 lety +15

      @@abraham_joy always butthurt of rss/bjp. ricebag thendi

    • @vantastroganoff4370
      @vantastroganoff4370 Před 3 lety

      Good to see you not cleanin UP
      AUTOBREEDING EMPIRE

    • @kaushikshetty49
      @kaushikshetty49 Před 3 lety

      lol

  • @dbsk06
    @dbsk06 Před 3 lety +68

    Love Al JAZEERA. Great reporting as always

  • @MrKL13
    @MrKL13 Před 3 lety +341

    No Indian Media has talked about this issue ever. Mainly due to his direct links to RSS - BJP

    • @adityanagarkar1116
      @adityanagarkar1116 Před 3 lety +25

      Is that so Chutya

    • @dron4543
      @dron4543 Před 3 lety +77

      Really bjp-rss?
      Its like your wife not getting pregnant due to rss and bjp.
      Use brain please.

    • @s.k4969
      @s.k4969 Před 3 lety +24

      Dr.Shetty never ever involved inside Indian politics or money laundering.
      It's only elite groups inside Middle east use him and throun out like tissue paper.
      Its ofcourse politicians of pakistanis who dump their corrupted money inside middle east.

    • @karamagoldghana2428
      @karamagoldghana2428 Před 3 lety +5

      Sudapi

    • @kasali2528
      @kasali2528 Před 3 lety +10

      @@adityanagarkar1116 yes chutiya

  • @CondenseFact
    @CondenseFact Před 3 lety +171

    Darn, losing billions is quite “shetty”...

  • @abaa9218
    @abaa9218 Před 3 lety +65

    This is how a documentary is made while working from home during covid... sitting in front of ur laptop

  • @ukspreadbetting
    @ukspreadbetting Před 3 lety +171

    So from this video it appears that Shetty was very good at manipulating people and that Shetty couldn't have done all this alone as he tricked 10 banks amongst others which lent him a lot of money. I seriously think the top people at NMC should be in jail and held personally accountable for the company's debts. This was FRAUD at the highest levels.

    • @abdulgaffar5656
      @abdulgaffar5656 Před 3 lety

      Gccģgg

    • @crypton_8l87
      @crypton_8l87 Před 3 lety +9

      There is absolutely no proof of the Top Guys involvement. The Sheikhs have been careful from the start to keep their names out of everything. In fact this is apparently standard procedure in the UAE. Did none of you follow the story at all? Muddy Waters got rich on short sale, after identifying the debts, which was the one thing that brought the company crashing down.
      Then the Sheikhs 'advised' Shetty to leave. He was basically a front for the Sheikhs money laundering. And the "world's greatest Auditing company," "Earnst and Young" didnt spot the problems the ENTIRE time? One of their directors was also on the board of NMC. A den of thieves with a clueless silver tongue Indian as the fall guy. 👏🏽👏🏽

    • @moodmeditation4458
      @moodmeditation4458 Před 3 lety +1

      @@crypton_8l87 I know Bec I know how clueless drs are in these matters.

    • @bubaricyasin8302
      @bubaricyasin8302 Před 3 lety

      @@abdulgaffar5656 cn
      Hnxa b,n
      ,

    • @1lolofred
      @1lolofred Před 3 lety +1

      @@crypton_8l87 You said it best.."The Sheiks advised" he was basically a front.. of the SHEIKS money laundering, now You KNOW why the SHEIKS kept their names out of everything..Thank you for answering your own STUPID question.

  • @syedhrwasti1210
    @syedhrwasti1210 Před 3 lety +20

    GOOD JOURNALISM AND DOCUMENT.
    CULPRITS, ALL BILLIONARES- RUNAWAY FUGITIVES.

  • @damiencastillo6216
    @damiencastillo6216 Před 3 lety +64

    My Indian friends were not even aware of this! When I shared it with them most of them smirked and had almost identical comments. It seems the "common thread" that the people in the documentary talk about could be the names of the people consistently involved in such shenanigans- the Modis, Shahs, Guptas, Agarwals, Shettys & c.

    • @amitkumarpandey5610
      @amitkumarpandey5610 Před 3 lety +2

      Don't think you are intelligent, take it easy, democracy is boring

    • @wot4922
      @wot4922 Před 3 lety +8

      @@amitkumarpandey5610 Do your research fool. See what the Indian Guptas did in South Africa. Listen to all the scams going around. Amazing how they ALL have Indian accents.

    • @charliemingus592
      @charliemingus592 Před rokem +3

      Did u say Guptas? We looking for that family in South Africa 😅

    • @hardy2175
      @hardy2175 Před rokem

      ​@@amitkumarpandey5610 yeah you like warmth of the boot of dictators on your face.

    • @montyi8
      @montyi8 Před rokem +3

      That could be any race, any country. Which race and which people were involved in the 2008 financial crises ? which erased more than $2 trillion from the global economy.

  • @mageshmogan
    @mageshmogan Před 3 lety +349

    The "Indian accent" for BR Shetty's letter. 😂😂

  • @jazminlaila2246
    @jazminlaila2246 Před 3 lety +5

    Great job aljezaree love your doc n the host bravo glory to u

  • @Careless555
    @Careless555 Před 3 lety +3

    in depth.. Great interview.

  • @bhargavmehta8278
    @bhargavmehta8278 Před 3 lety +150

    He is given one of India's prestigious award "Padma Shri" by Indian government, guess the place of Indian government 🤦🏽‍♂️

    • @godhama
      @godhama Před 3 lety +14

      Not before receiving the highest civilian award (equivalent to Bharat Ratna) from the Emaratis

    • @dattaeswar6086
      @dattaeswar6086 Před 3 lety +1

      @@godhama super Bro

    • @laypyu
      @laypyu Před 3 lety +3

      Unbelievable!

    • @nehashrivastav7552
      @nehashrivastav7552 Před 3 lety +8

      I think you are confusing him with Dr devi Shetty , who was given padma bhushan , please check before you put something like that in comment.

    • @bhargavmehta8278
      @bhargavmehta8278 Před 3 lety +3

      @@nehashrivastav7552 oh well, thank you for pointing out my mistake. It is "Padma Shri" not "Padma Bhushan" I changed it, thank you again :)

  • @thesaint9286
    @thesaint9286 Před 3 lety +95

    No news of this in Indian media, shows how close Shetty is with BJP

    • @hotice31
      @hotice31 Před 3 lety +12

      EY - one of the big four accounting and audit firms was the auditor of this company. Also controlled by BJP?

    • @prapidy
      @prapidy Před 3 lety +3

      If somebody is close with bjp indian media will not report is it you fool

    • @hotice31
      @hotice31 Před 3 lety +14

      prapidy right - NDTV, India Today, ABP, BBC Hindi, Quint, Wire, Newslaundry, Rajdeep Sardesai, all are BJP media. And I am the fool?

    • @vijhon9
      @vijhon9 Před 3 lety

      D lol

    • @ronak855
      @ronak855 Před rokem +2

      He or his businesses are hardly known in India outside of Udupi-Mangakore.. so it's not surprising.
      Infact other than a few offices of UAE exchange, he hardly has any visible presence in India.
      You might have political motives for making this statement, but Congress would have jumped at the opportunity to make this an issue IF ONLY THEY KNEW HE EXISTED 😂
      I live in Bangalore and nobody here knows about him forget about in Delhi.

  • @mur1961
    @mur1961 Před 7 měsíci +1

    Was a regular customer of NMC while in Dubai and had great respect for Dr.Shetty..seemed a genuinely nice and honest person. Unfortunately he seems to have trusted the wrong people . Greed to grow bigger and bigger invariably backfires .

  • @robertonditi7715
    @robertonditi7715 Před 3 lety +25

    It's not that the Execs, banks,Auditors,Lawyers e.t.c didn't catch what was going on, they were all in on it !! They knew exactly what was going on !

    • @crypton_8l87
      @crypton_8l87 Před 3 lety +3

      Exactly! You're the only one who actually got it. Everyone else is clueless

  • @jimmysbak
    @jimmysbak Před 3 lety +9

    My roommate works at Neopharma here in AUH and has no pay for the last 4 months. What do these poor guys do who come here looking for survival and ti support their dear ones. The issues they are currently facing from the banks here are enormous.

  • @MrKL13
    @MrKL13 Před 3 lety +20

    Y no story about how Shetty and Former minister of Justice grabbed UAE Exchange from another Indian business man ?

  • @IstanbulBeautyOne
    @IstanbulBeautyOne Před 3 lety +9

    Fantastic investigative report

  • @Armanispice
    @Armanispice Před 3 lety +14

    The greedeist are always at the top in these regions....the truth always catches up and exposes all!

  • @doncavanagh7243
    @doncavanagh7243 Před 3 lety +30

    The Shetty has hit the fan here alright

  • @subhashisn
    @subhashisn Před 3 lety +53

    Wow Al Jazeera, fantastic investigative journalism !!! I was under the impression that Arabs are only capable of sycophancy journalism ( Khaleej Times, Gulf News ). This is the first time I saw an Arab scripting real journalism. Very good episode. I am an India, so I will tell you in Hindi, " Whah Bhai, Maaza Aaa Gaya Aapka Mehnat Dekh Kar ". Keep up the good work. I am NOT a Muslim, yet I appreciate your hard work. I believe we must appreciate merit, regardless of religion and nationality.

    • @ryanpacheco4047
      @ryanpacheco4047 Před 3 lety +6

      Wonder why there are no exposays on Qatari companies. Oh that's right, the "free press" isn't so free...

    • @jasmineabdulla5719
      @jasmineabdulla5719 Před 3 lety +2

      There is no comparison between Al jazeera with cheap local newspapers khaleeji time and gulf news

    • @skywalker0079
      @skywalker0079 Před 3 lety

      I agree, that's my opinion.

    • @subhashisn
      @subhashisn Před 3 lety +2

      @@jasmineabdulla5719 I cannot compare apples with orange. AlJazeera is an Islamic media group - born, raised and nurtured in Qatar. I can compare it to other Islamic media, born and raised in the middle east. Please understand that no Islamic media can ever reach glorious heights. So, it will be a futile exercise to compare AlJazeera to WSJ, New York Times or Washington Post. Muslim journalists lack that class of merit. So, I think, it is fair to compare AlJazeera to Khaleej Times and Gulf News. Jasmine, are you aware that only select people can write " Letters to the Editor " in Khaleej Times ? There is one Indian woman in UAE, named Jayashree Kulkarni. Her letters have appeared every single day, for the last 35 years, in Khaleej Times !!!!!!

    • @Kamar.chakra
      @Kamar.chakra Před 3 lety +2

      It is a Qatar based news channel .
      Why you are compelled to pin “I am khan but I am not a terrorist “ kind of post about it ?
      Is Muslim tag must if it is from Arabia ?

  • @senthilkumarn4u
    @senthilkumarn4u Před 3 lety +2

    Wonderful documentary...

  • @jenni431
    @jenni431 Před 3 lety +25

    When money, pleasure, power become your needs you will lose all your morality and values. People suffer. Lead a simple life people.

    • @euleneats
      @euleneats Před 3 lety +1

      These are objects of craving. The more people crave them the more unhappy they become. However, people think that these objects of craving will give them happiness.

    • @malikzafar7232
      @malikzafar7232 Před 2 lety

      But if smone gives up totally,after facing constant multiple shocks,tragedies,lost family,kids,Bank Vp grade job,home,wealth,,etc,,fallen frm top to zero,,practically these lectures work if you remain little normal,but if you are alone n no one is taking care then Practically you need a true strong caring person to take you out from this situation when u r stuck in room for a year,can,t change,can,t manage anything,can,t go in day light,health going worse,always live n die every second,no hope,no goal,no one comes to c u,then Even Doctors Counsellers say that you need a strong caring guardian to recover you....Respected Bro..Will you truly help,, ... Can u take me away,keep me along for few days to follow ur normal routine...😭😭😭😭😭😭😭Waiting 4 ur Positive replTrue. Can anyone meet,contact??God knows how severe tortures im facing....But when u loose family,kids,wealth,home,etc, realtions leave u alone...Practically,it,s impossible to b normal...In severe crisis, u live in horrible mental torture state,finding no way,Miracles can recover, otherwise,this society makes u much mentally sick,u die every second...Can anyone keep such an alone helpless person,kindly contact urgently,😭😭😭😭,looking for a strong supoort..God will reward u...

    • @malikzafar7232
      @malikzafar7232 Před 2 lety

      Sorry to request at this strange subject video..but im helpless😭😭😭

  • @jefftan2859
    @jefftan2859 Před 3 lety +14

    The man with the silver tongue, then. Now, the man with the fork tongue!! 😹😹😹😹

  • @briannawade2438
    @briannawade2438 Před 3 lety

    Excellent investigative journalism Aljazeera

  • @tashitibuimodeste5100
    @tashitibuimodeste5100 Před 3 lety +12

    Thanks Al jazeera.
    Nice piece 👌👌👍

  • @soldieroffaith4425
    @soldieroffaith4425 Před 3 lety +12

    He was born in Udupi a town in the coastal area of Karnataka. Manipal is an educational suburb of Udupi. Not as mentioned by the narrator in the 'city of Manipal'

  • @ash10k9
    @ash10k9 Před 3 lety +126

    How a Modi supporter anti Muslim person was able to flourish in UAE tells a lot about Arab hospitality....!

    • @arasuarumugam7527
      @arasuarumugam7527 Před 3 lety +3

      Good question....

    • @quiasnoorzad
      @quiasnoorzad Před 3 lety +2

      Trust in God most are indian (Pakistani, Indian, Bangladesh, nepalis)

    • @nimajji3517
      @nimajji3517 Před 3 lety +31

      He spent his entire adult life in UAE and has direct connection with royal family
      Are you accusing the royal family of being involved with rss?🤣

    • @jerrygeorge007
      @jerrygeorge007 Před 3 lety +7

      @@nimajji3517 he is basically a RSS, jansangh BJP product

    • @nimajji3517
      @nimajji3517 Před 3 lety +7

      @@jerrygeorge007 he is a puppet of the royal family.
      That's why he keeps praising them endlessly. He knows only one way up, and that is staying in line .
      Look at the protection he got in UAE, they allowed him to run away as well

  • @AdityaDamleFunkyOutsider
    @AdityaDamleFunkyOutsider Před 2 lety +1

    I really appreciate the warning at the beginning. I don't have epilepsy, but I imagine those who do appreciate it.

  • @harizummer3233
    @harizummer3233 Před 3 lety +26

    Fraud are free here in India they made a good set up here and made good reputation and they made great.

  • @zarina5052
    @zarina5052 Před 3 lety +13

    In Malaysia's 1MDB case , a similar name of Sheikh Mansour has been mentioned. Not sure whether it's referring to the same person

    • @alessandrobenito3586
      @alessandrobenito3586 Před 2 lety +4

      yea. same guy, UAE royals involve heavily in intl. money laundering

  • @ayaat-ur-rahman6120
    @ayaat-ur-rahman6120 Před 3 lety +26

    Not only him there are more such people still operating similarly

  • @aebimomi
    @aebimomi Před rokem

    There are so many NMCs and Dr. Shetty our there. What is needed to expose them is brilliant investigative journalism like the one Aljazeera does, and does extremely well.

  • @kumar2ji
    @kumar2ji Před 3 lety +9

    When crooks get caught they all have the same response. I'm not guilty. When is the last time a defendant said: I am guilty as sin you honor, it was fully responsible!. Please punish me accordingly.

  • @reneearce1667
    @reneearce1667 Před 3 lety +12

    one of the best documentary of AL JAZEERA

    • @SameerKhan-iw4mr
      @SameerKhan-iw4mr Před 3 lety

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  • @mwelijah1
    @mwelijah1 Před 3 lety +23

    Ernst and Young has lost its integrity.

    • @anfechtung-143bgb4
      @anfechtung-143bgb4 Před 3 lety

      Luckin coffee
      Wirecard
      NMC
      Just this year !

    • @PiperTMTotalWar
      @PiperTMTotalWar Před 3 lety +3

      They were aware of financial irregularities but still signed off on the accounts anyway....

  • @andamone8884
    @andamone8884 Před 3 lety +17

    Truly an inspiration on how he built his empire and than greed took over and used the ladder offered by the Sheikh's to expand the dubai way i.e unrealistically.....i dont see why he had to list the company in public and with the two partners.....he should have had held the company private and non of this would have had happened.....sad end but quite a story on how the events unfolded

    • @smolyponks
      @smolyponks Před 3 lety +2

      They deliberately made it that way because it is not them who will suffer but those who trusted them. What do you expect from the evil?

  • @peterdsouza1259
    @peterdsouza1259 Před 3 lety +63

    He was smart in manipulating people he should be thankful they allowed him to leave

  • @TaipanJobLim
    @TaipanJobLim Před 3 lety +4

    Short Seller can be good equalizer in this story to unmasked the overdebt NMC

  • @harunsami2841
    @harunsami2841 Před 3 lety +5

    Incredible journalism. Keep it up.

  • @jominmikhaeljoy5829
    @jominmikhaeljoy5829 Před 3 lety +112

    UAE exchange was not started by shetty ,it was started by another man from Kerala .

    • @GTV-GVGdesign
      @GTV-GVGdesign Před 3 lety +12

      I read the story, poor Kerala guy.

    • @s.k4969
      @s.k4969 Před 3 lety +6

      Who else.??may be pinarayi vijayan ??

    • @ssptrading8243
      @ssptrading8243 Před 3 lety +9

      Correct UAE Exchange was not started by shetty, the kerala man started it and slept. Suddenly he woke up from sleep after 40 years to see that UAE Exchange was taken over by shetty.

    • @andamone8884
      @andamone8884 Před 3 lety +1

      @@ssptrading8243 lol....it was actually started by Mammootty and than he became a famous movie star....that's why he did not have time to run it

    • @danischannel
      @danischannel Před 3 lety +10

      @@andamone8884 dude you're everywhere! I saw your comments in some other channels video as well.why so obsessed with him.or are you B R Shetty?😁

  • @yashk4051
    @yashk4051 Před 3 lety +17

    Imagine tomorrow all of sudden this journo gets lost
    Just like khashoggi

  • @geo1879
    @geo1879 Před 3 lety +17

    He owns a hospital in the Cayman Islands and they are still expanding every few years massive compound.

    • @natalierichards7030
      @natalierichards7030 Před 3 lety

      I was just thinking if that was the same Shetty as the hospital on Grand Cayman!

  • @pradeeps5557
    @pradeeps5557 Před 3 lety +1

    Very Great Coverage

  • @hrnair66
    @hrnair66 Před 3 lety

    do good deeds always, it will reflect its own

  • @vishalbhavnaani901
    @vishalbhavnaani901 Před 3 lety +3

    Why just blame Shetty, what about the 2 young shareholders, the royal family, the bankers who have loans, the auditors !! Guys all are equally involved
    This is not about Shetty - this is about power, greed and ambition

  • @tabrejali1182
    @tabrejali1182 Před 3 lety +57

    None from indian media house investigated in this because of his direct or indirect relationship with RSS and BJP . He did fund them too.

    • @nimajji3517
      @nimajji3517 Před 3 lety +9

      He spent his entire adult life in UAE and has direct connection with royal family
      Are you accusing the royal family of being involved with rss?🤣

    • @tabrejali1182
      @tabrejali1182 Před 3 lety +2

      @@nimajji3517 rubbish. Then why he is unable to return to save his empire. He is another Neo hooligan who tried to divert funds from here to other parts of the world to getaway with what is left. But he was caught first by UK . Later investigation lead to this. In UK he had a big company precisely uaeexchange.much of the share of it is in UK......

    • @nimajji3517
      @nimajji3517 Před 3 lety +1

      @@tabrejali1182 like the documentary said.
      He's clearly just a puppet of the higher powers in uae .
      Nobody rises without the approval of those in power.
      And like they said, certainly escaped with the protection of those in power.

    • @user-zxjb
      @user-zxjb Před 3 lety +3

      Means for everything it's BJP or RSS , be it today 1000 years back it's they 😂

    • @DevenderSingh-xg5ek
      @DevenderSingh-xg5ek Před 3 lety +1

      😂😂@ tabrej Ali hope you know that his all business interests were in gulf.
      So Why Indian media or government even think of him??.
      Let the UAE government had to do his work.
      I can understand your and your community pain .

  • @TheSaba2115
    @TheSaba2115 Před 3 lety +9

    I love Al Jazeera documentaries. Very very well done 👍

  • @pingtv1145
    @pingtv1145 Před 3 lety +9

    Its daily business in UAE, business ownership laws are fun. Documents are in Arabic. I know shetty he was good in 1992 with UAE exchange and some medical stores with small clinic, I feel his sons and some Arab partners made jet business to fly fast. Dubai is artificial state. Remember

  • @tusharg2751
    @tusharg2751 Před 3 lety +10

    E&Y or KPMG or Deloitte all are comprised

  • @RatherA
    @RatherA Před 3 lety +30

    and now BR shetty is buying tens of thousand acers of land in kashmir

  • @zephyrzee9491
    @zephyrzee9491 Před 3 lety

    Former partners of audit firms can be directors of a company which the firm audits. A partner resigns from partnership, his name does not appear on the firm's list of partners but he is now a consultant to his audit firm. This usually happens when he is appointed a director of a company of which he was previously in charge of its audit.

  • @gogreen812
    @gogreen812 Před 3 lety +2

    He was cheated by his most loyal person who is from kerala. Mr. Shetty believed an accountant and made his as Chief but those 2 brothers cheated him by fake signatures. Mr. Shetty is winning the case one by one. Truth will come out soon. Long Live Mr. Shetty.

  • @opuntian
    @opuntian Před 3 lety +5

    UAE - Las Vegas, Corleones - Al Nahyan, Moe Green - BR Shetty. 😁😇

  • @adillatheef2839
    @adillatheef2839 Před 3 lety +41

    Is that just me who smelled a bit of propaganda by Al Jazeera?

  • @shivamparakh6808
    @shivamparakh6808 Před 3 lety

    Al Jazeera English is probably the best channel in the world

  • @sivaajay2353
    @sivaajay2353 Před 3 lety +7

    DR B R Shetty has made a scapegoat and real culprits are roaming freely.

  • @sreenii5445
    @sreenii5445 Před 3 lety +11

    This would be the case with most of the companies in the gulf especially UAE and Saudi given the fact that the rules allow the persons who are the real owners to hide their identities and allow people to act on their behalf which flies in the face of any just law or practice which is generally followed in other parts of the world. The surprising thing is that the world has allowed such practices to continue and do business with them.

    • @fredyph30
      @fredyph30 Před rokem +2

      You'll be suprised at the kind of doors money can open !

  • @moodmeditation4458
    @moodmeditation4458 Před 3 lety +7

    Being a doc with no financial or managment knowledge his whole bussines was managed by other ppl and nobody is trustworthy when it comes to money , brother killed brother , son killed father even blood relations are deadly when it comes to money.

  • @shahzadqadir1389
    @shahzadqadir1389 Před 3 lety +3

    Maded documentries of him ....what a man .....and feel soory about whom they believed him

  • @fusioncoast
    @fusioncoast Před 3 lety +5

    Can you also look into Adani and Ambani wealth

  • @urbanhunk4369
    @urbanhunk4369 Před 3 lety +11

    Money ILLEH ...

  • @sachinrv1
    @sachinrv1 Před 3 lety +18

    Indians will make name (Good or bad) for themselves where ever they go

    • @patelkashyap1708
      @patelkashyap1708 Před 3 lety +5

      Yes they don't sit silently they alway try to do bigger..

    • @izajahmed8863
      @izajahmed8863 Před 3 lety +10

      Mostly bad

    • @ajayk1432
      @ajayk1432 Před 3 lety +5

      @@izajahmed8863 not as u guys dooo

    • @AyushGupta-oi4ee
      @AyushGupta-oi4ee Před 3 lety +6

      ahmed atleast we don't become cleaners and idiots and rely in state wherever we go,indians are the richest group in usa and Europe and are doctors,engineers and managers in uae so stfu

    • @afrozalam6614
      @afrozalam6614 Před 3 lety +2

      @@ajayk1432 nonsense comment like sense but like a nonsense

  • @stevegerrd6688
    @stevegerrd6688 Před 3 lety +2

    He really lived up to his name

  • @nudratnawar8985
    @nudratnawar8985 Před 3 lety +24

    who else scrolled through the comments during the video? 😋

  • @user-qn6yt3zx3w
    @user-qn6yt3zx3w Před 3 lety +3

    Avoid the commercials every 5 mins by watching the video from Al Jazeera’s own website.

  • @kumarmanbajracharya6178
    @kumarmanbajracharya6178 Před 3 lety +34

    No Indian Media has talked about this issue ever. Mainly due to his direct links to RSS & BJP.
    Godi media.

    • @kumarmanbajracharya6178
      @kumarmanbajracharya6178 Před 3 lety +3

      @Flower ChildModi media.

    • @hafizkob891
      @hafizkob891 Před 3 lety +6

      Where's WION?

    • @targaryenXoolf
      @targaryenXoolf Před 3 lety +5

      @@hafizkob891 kisi ki g**nd chaatne mein vyast, i guess

    • @indubai6583
      @indubai6583 Před 3 lety

      Its because of BJP all the gulf business who were doing hawala have gone bankrupt post de monetization and stoppage of big remittance from india by tightening the banking rules...you should research first and then comment.

    • @targaryenXoolf
      @targaryenXoolf Před 3 lety +4

      @@indubai6583 gujarati diamomd merchants have monopolised hawala now. it's booming. and moreover it chips into donations to BJP so that they do not get busted.

  • @muhammadtaharajani9541

    Superb story

  • @adrianlloyd6403
    @adrianlloyd6403 Před 3 lety +2

    Hopefully EY (Ernst and Young) the auditors of NMC health goes the same way as Arthur Anderson the auditors of Enron.They will not be missed.

  • @mukulawasthi4726
    @mukulawasthi4726 Před 3 lety +20

    I still remember meeting this man at Delhi airport and he handed me his can of coke to open .I was confused with his behaviour .

    • @marty9404
      @marty9404 Před 3 lety +27

      LOL! You should have opened it , drink it yourself and hand over the empty can to him.

    • @harisankar614
      @harisankar614 Před 3 lety +7

      @@marty9404 😂😂..attitude..

    • @jefftan2859
      @jefftan2859 Před 3 lety +12

      He was treating you as his servant!!!

    • @RubinaMerchant
      @RubinaMerchant Před 3 lety +6

      He may have had Rheumatoid Arthritis. I can't open cans either lol.

    • @mukulawasthi4726
      @mukulawasthi4726 Před 3 lety +3

      @@RubinaMerchant I so liked your reply .I wish I could say the same

  • @aryanrajaatheist496
    @aryanrajaatheist496 Před 3 lety +4

    10:15....how he reach this *bosition* 🤣🤣I can't stop my laughter

  • @ArgonDavid
    @ArgonDavid Před 3 lety

    Good investigation 👍

  • @YTQueen25
    @YTQueen25 Před rokem

    Al Jazeera is best as always

  • @rajivroopnathmaharaj8381
    @rajivroopnathmaharaj8381 Před 3 lety +6

    Please do an investigation on how the guptas pulled the wool over South Africa and got away

    • @wot4922
      @wot4922 Před 3 lety +2

      Yes please😠😠😠

  • @crizleantiolasamsum3534
    @crizleantiolasamsum3534 Před 3 lety +5

    Never put your money.... unto those you never meet individuals.
    Better use your money or do your own business otherwise you are one of the payers of their lifestyle.

  • @anjansingh2234
    @anjansingh2234 Před 3 lety +2

    Eminent Emirati personalities continued to do business under his name, he was face for many present there without face

  • @riteshpatel5446
    @riteshpatel5446 Před 3 lety

    Sad to hear rich stories are sad and uncomfortable to the world...

  • @bobbybeta3967
    @bobbybeta3967 Před 3 lety +10

    While I am not a supporter of Shetty, just remember it takes 2 to dance or rather tango!

  • @user-ip6cq8xc2s
    @user-ip6cq8xc2s Před 3 lety +124

    Shetty is a RSS man, the organisation who has so many groups running world wide.

    • @itzibutzi
      @itzibutzi Před 3 lety +33

      Just like you are son of your neighbour

    • @user-ip6cq8xc2s
      @user-ip6cq8xc2s Před 3 lety +17

      @@itzibutzi hello doggie, how your idiological illigal fathers are?

    • @nimajji3517
      @nimajji3517 Před 3 lety +18

      He's not a rss man.
      Dude has lived in Dubai his entire adult life

    • @raghavgowda366
      @raghavgowda366 Před 3 lety +13

      If he belongs to rss he will not allowed his daughter to marry a muslim guy.

    • @nimajji3517
      @nimajji3517 Před 3 lety +22

      @@raghavgowda366 don't explain facts.
      These people are blind and brainwashed.
      They will only find reasons to hate rss, Hindus , and Indians

  • @dhanyakumar6804
    @dhanyakumar6804 Před 3 lety +2

    Aljajeera should make documentary on mysterious death of Joy Arakkal, indian NRI bussiness man in Dubai, who made billions within very short period.

    • @Ok-gm7qx
      @Ok-gm7qx Před 3 lety

      Bana zara

    • @mariaw9983
      @mariaw9983 Před 3 lety

      Mysterious, he committed suicide because of heavy debts

  • @nayharries4625
    @nayharries4625 Před 3 lety +2

    All those billions and the guy has a five dollar name tag on his house!?🤣🤣🤣🤣

  • @barrymcdougal4816
    @barrymcdougal4816 Před 3 lety +4

    AL JAZEERA POSSIBLY THE BEST NEWS INVESTIGATORS AROUND THE WORLD.

  • @teresawilkinson6231
    @teresawilkinson6231 Před 3 lety +6

    "Quality health care at an affordable cost" .... isn't the UAE dripping with oil money?, shouldn't they be providing hospitals and medical care to the citizens of their own countries?, after all you couldn't spend the billions they have in 20 lifetimes, isn't this what other countries pay taxes for?, for health care, for hospitals?, isn't that where our taxes are supposed to go?, why on earth would you imagine that anyone is investing "healthcare" for the good of those seeking the care?, their simply mining those people for money

  • @usamaS85
    @usamaS85 Před 3 lety +2

    why did the auditors not find it ???

  • @kartiksabne582
    @kartiksabne582 Před 3 lety +1

    Which country in the Arab Spring Countries has great bureaucracy and safeguard to run companies? With great business laws transparency and less documentations.

  • @crafael.
    @crafael. Před 3 lety +3

    After they false reporting on Malaysia Covid, Al Jazeera reputation is questionable..

  • @archive9994
    @archive9994 Před 3 lety +4

    Abu Dhabi 🥰

  • @arshadpc5774
    @arshadpc5774 Před rokem

    Excellent journalism truly way ■■■

  • @spacelion6318
    @spacelion6318 Před 3 lety

    Quite a few dynamic entrepreneurs, who relied on high borrowings, assuming eternal growth to be a given,got destabilized by the 2008 financial crisis
    And things can spin out of control in such cases rapidly

  • @mohammedrezadawood6459
    @mohammedrezadawood6459 Před 3 lety +8

    Mr B R Shetty should be given Bharatratna by Modi.

  • @harrisregi2423
    @harrisregi2423 Před 3 lety +28

    7:20 this is wrong..BR Shetty did not start UAE Exchange..that history may require another video

    • @mohammedfairooz832
      @mohammedfairooz832 Před 3 lety +15

      Yes, it was started by a keralite. But Shetty cheated him and acquired the company

    • @drameensdentspa
      @drameensdentspa Před 3 lety +5

      yup shetty cheated some one from Kerala.karma is a boomerang.he should punish

    • @andamone8884
      @andamone8884 Před 3 lety +2

      The real owner slept for 40 years and after the business collapsed he woke up from sleep now claiming that he started the xchange

    • @skywalker0079
      @skywalker0079 Před 3 lety

      Yes, I think so many things are unknown for foreign media.
      But I'm a Indian, Al Jazeera fan.

    • @sreyas7753
      @sreyas7753 Před měsícem

      ​@@andamone8884 He did not "sleep" for 40 years he filed a case but that didnt go so long. Knowing he doesnt stand a chance against the powerful shetty back then he just let it be, but now that shetty has been exposed for his frauds he is going for the company which was originally his.

  • @sabihatanveer8494
    @sabihatanveer8494 Před 3 lety

    Serves him right

  • @AAKASHH367
    @AAKASHH367 Před 3 lety

    Good report

  • @Raqueem
    @Raqueem Před 3 lety +13

    Wow, shortsellers to the rescue. What a world.