In a regulatory filing on Monday to the London Stock Exchange, where NMC's shares trade, the company said its chief investment officer Hani Buttikhi and another director had also resigned. The directors were linked to Shetty and other top partners.Shetty owned 19.22 per cent stake as of May last year, while NMC vice-chair Muhairi and Qebaisi had 15.82 per cent and 7.66 per cent, respectively, as of January 28, Refinitiv data showed.
Based on the initial probe, the Indian billionaire's stake in NMC will likely come down by 9.58 per cent, according to NMC.
In India, BR Shetty is famous as the man who owns all the apartments on the 100th and 140th floors of Dubai’s iconic Burj Khalifa, which he is said to have acquired for a whopping $25 million.
His journey from a pharmaceutical salesman in Abu Dhabi — where he went about four decades ago in search of a better life — to one of the richest Indians in the UAE with a net worth of around $2 billion, is one of Indian entrepreneurship.
Here are five facts about BR Shetty
> Bavaguthu Raghuram Shetty was born in 1942
> India's 42nd richest person in 2019
> Has a net worth of $1.6 billion
> Moved to the UAE in 1973
> Owns the entire 100th floor of Burj Khalifa
Other ventures:
> Finablr
> Neo Pharma
> BRS Ventures
> BR Life
Please is he single? Asking for a friend
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