BR Shetty and the Missing Millions | Al Jazeera World

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  • Опубликовано: 21 авг 2024
  • 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.

Комментарии • 1,2 тыс.

  • @vishypai7554
    @vishypai7554 4 года назад +255

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

  • @phetso9744
    @phetso9744 4 года назад +206

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

    • @SerenityPanoramas4
      @SerenityPanoramas4 3 года назад

      Yes 👏🏽

    • @jasminmina6922
      @jasminmina6922 3 года назад +2

      👍 right said

    • @goneviral8814
      @goneviral8814 3 года назад +2

      Very well said

    • @wilfredfranco4159
      @wilfredfranco4159 3 года назад +4

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

    • @Ash-do2pv
      @Ash-do2pv 3 года назад +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 4 года назад +64

    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 8 месяцев назад

      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

  • @CondenseFact
    @CondenseFact 4 года назад +170

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

  • @MohomedNaizer
    @MohomedNaizer 4 года назад +183

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

  • @Dr.Zubair
    @Dr.Zubair 4 года назад +381

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

    • @jagamurali
      @jagamurali 4 года назад +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 4 года назад +24

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

    • @anirudhhariharan5819
      @anirudhhariharan5819 4 года назад +15

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

    • @vantastroganoff4370
      @vantastroganoff4370 4 года назад

      Good to see you not cleanin UP
      AUTOBREEDING EMPIRE

    • @kaushikshetty49
      @kaushikshetty49 4 года назад

      lol

  • @anfechtung-143bgb4
    @anfechtung-143bgb4 4 года назад +80

    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 4 года назад +2

      Muddy water must have scanned them already.

    • @varunemani
      @varunemani 4 года назад +1

      😆🕶

    • @malikashtar7216
      @malikashtar7216 4 года назад +1

      😂 😂 😂

    • @parthy5386
      @parthy5386 3 года назад +5

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

    • @justinajones3000
      @justinajones3000 3 года назад +4

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

  • @ukspreadbetting
    @ukspreadbetting 4 года назад +172

    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 3 года назад

      Gccģgg

    • @crypton_8l87
      @crypton_8l87 3 года назад +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 3 года назад +1

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

    • @bubaricyasin8302
      @bubaricyasin8302 3 года назад

      @@abdulgaffar5656 cn
      Hnxa b,n
      ,

    • @1lolofred
      @1lolofred 3 года назад +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.

  • @davidsebastianhartono
    @davidsebastianhartono 4 года назад +150

    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.

  • @mageshmogan
    @mageshmogan 4 года назад +350

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

  • @robertonditi7715
    @robertonditi7715 4 года назад +27

    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 3 года назад +3

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

  • @abaa9218
    @abaa9218 4 года назад +65

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

  • @dbsk06
    @dbsk06 4 года назад +70

    Love Al JAZEERA. Great reporting as always

  • @damiencastillo6216
    @damiencastillo6216 4 года назад +66

    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 4 года назад +2

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

    • @wot4922
      @wot4922 3 года назад +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 Год назад +3

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

    • @hardy2175
      @hardy2175 Год назад

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

    • @montyi8
      @montyi8 Год назад +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.

  • @mur1961
    @mur1961 10 месяцев назад +2

    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 .

  • @Armanispice
    @Armanispice 4 года назад +14

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

  • @jenni431
    @jenni431 3 года назад +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 3 года назад +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 3 года назад

      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 3 года назад

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

  • @jimmysbak
    @jimmysbak 4 года назад +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.

  • @syedhrwasti1210
    @syedhrwasti1210 4 года назад +20

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

  • @thesaint9286
    @thesaint9286 4 года назад +102

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

    • @hotice31
      @hotice31 4 года назад +13

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

    • @prapidy
      @prapidy 4 года назад +3

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

    • @hotice31
      @hotice31 4 года назад +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 4 года назад

      D lol

    • @ronak855
      @ronak855 Год назад +3

      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.

  • @mwelijah1
    @mwelijah1 4 года назад +23

    Ernst and Young has lost its integrity.

    • @anfechtung-143bgb4
      @anfechtung-143bgb4 4 года назад

      Luckin coffee
      Wirecard
      NMC
      Just this year !

    • @PiperTMTotalWar
      @PiperTMTotalWar 4 года назад +3

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

  • @jefftan2859
    @jefftan2859 4 года назад +14

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

  • @yashk4051
    @yashk4051 4 года назад +18

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

  • @peterdsouza1259
    @peterdsouza1259 4 года назад +64

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

  • @kumar2ji
    @kumar2ji 4 года назад +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.

  • @ayaat-ur-rahman6120
    @ayaat-ur-rahman6120 4 года назад +27

    Not only him there are more such people still operating similarly

  • @jominmikhaeljoy5829
    @jominmikhaeljoy5829 4 года назад +113

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

    • @GTV-GVGdesign
      @GTV-GVGdesign 4 года назад +12

      I read the story, poor Kerala guy.

    • @s.k4969
      @s.k4969 4 года назад +6

      Who else.??may be pinarayi vijayan ??

    • @ssptrading8243
      @ssptrading8243 4 года назад +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 4 года назад +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 4 года назад +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?😁

  • @bhargavmehta8278
    @bhargavmehta8278 4 года назад +151

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

    • @godhama
      @godhama 4 года назад +14

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

    • @dattaeswar6086
      @dattaeswar6086 4 года назад +1

      @@godhama super Bro

    • @laypyu
      @laypyu 4 года назад +3

      Unbelievable!

    • @nehashrivastav7552
      @nehashrivastav7552 4 года назад +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 4 года назад +3

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

  • @vishalbhavnaani901
    @vishalbhavnaani901 3 года назад +4

    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

  • @zarina5052
    @zarina5052 3 года назад +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 3 года назад +4

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

  • @kumarmanbajracharya6178
    @kumarmanbajracharya6178 4 года назад +34

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

    • @kumarmanbajracharya6178
      @kumarmanbajracharya6178 4 года назад +3

      @Flower ChildModi media.

    • @hafizkob891
      @hafizkob891 4 года назад +6

      Where's WION?

    • @targaryenXoolf
      @targaryenXoolf 4 года назад +5

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

    • @indubai6583
      @indubai6583 4 года назад

      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 4 года назад +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.

  • @jazminlaila2246
    @jazminlaila2246 3 года назад +5

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

  • @opuntian
    @opuntian 3 года назад +5

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

  • @doncavanagh7243
    @doncavanagh7243 4 года назад +29

    The Shetty has hit the fan here alright

  • @geo1879
    @geo1879 4 года назад +17

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

    • @natalierichards7030
      @natalierichards7030 3 года назад

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

  • @gogreen812
    @gogreen812 3 года назад +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.

  • @tabrejali1182
    @tabrejali1182 4 года назад +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 4 года назад +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 4 года назад +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 4 года назад +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 4 года назад +3

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

    • @DevenderSingh-xg5ek
      @DevenderSingh-xg5ek 4 года назад +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 .

  • @harizummer3233
    @harizummer3233 4 года назад +26

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

    • @surajjay6534
      @surajjay6534 4 года назад +6

      Guess what , close friend of mr modi

    • @harizummer3233
      @harizummer3233 4 года назад

      @madhu G
      You are real pig you never ever look up.

    • @xianglung2306
      @xianglung2306 4 года назад

      Anyone getting any call with an Indian accent? 😂

    • @ShahbazParviezQazi
      @ShahbazParviezQazi 3 года назад

      @@xianglung2306 I got many times

    • @soulsniper3503
      @soulsniper3503 3 года назад

      @@harizummer3233 what did madhu say?

  • @ash10k9
    @ash10k9 4 года назад +125

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

    • @arasuarumugam7527
      @arasuarumugam7527 4 года назад +3

      Good question....

    • @quiasnoorzad
      @quiasnoorzad 4 года назад +2

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

    • @nimajji3517
      @nimajji3517 4 года назад +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 4 года назад +7

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

    • @nimajji3517
      @nimajji3517 4 года назад +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

  • @sachinrv1
    @sachinrv1 4 года назад +18

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

    • @patelkashyap1708
      @patelkashyap1708 4 года назад +5

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

    • @izajahmed8863
      @izajahmed8863 4 года назад +10

      Mostly bad

    • @ajayk1432
      @ajayk1432 4 года назад +5

      @@izajahmed8863 not as u guys dooo

    • @AyushGupta-oi4ee
      @AyushGupta-oi4ee 4 года назад +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 4 года назад +2

      @@ajayk1432 nonsense comment like sense but like a nonsense

  • @subhashisn
    @subhashisn 4 года назад +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 4 года назад +6

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

    • @jasmineabdulla5719
      @jasmineabdulla5719 4 года назад +2

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

    • @skywalker0079
      @skywalker0079 4 года назад

      I agree, that's my opinion.

    • @subhashisn
      @subhashisn 4 года назад +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 4 года назад +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 ?

  • @moodmeditation4458
    @moodmeditation4458 3 года назад +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.

  • @aebimomi
    @aebimomi Год назад

    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.

  • @pingtv1145
    @pingtv1145 3 года назад +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

  • @boyunderthetree
    @boyunderthetree 4 года назад +41

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

  • @soldieroffaith4425
    @soldieroffaith4425 3 года назад +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'

  • @AdityaDamleFunkyOutsider
    @AdityaDamleFunkyOutsider 3 года назад +1

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

  • @user-qn6yt3zx3w
    @user-qn6yt3zx3w 4 года назад +3

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

  • @tashitibuimodeste5100
    @tashitibuimodeste5100 4 года назад +12

    Thanks Al jazeera.
    Nice piece 👌👌👍

  • @tusharg2751
    @tusharg2751 4 года назад +10

    E&Y or KPMG or Deloitte all are comprised

  • @rajivroopnathmaharaj8381
    @rajivroopnathmaharaj8381 3 года назад +6

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

    • @wot4922
      @wot4922 3 года назад +2

      Yes please😠😠😠

  • @andamone8884
    @andamone8884 4 года назад +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 4 года назад +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?

  • @crafael.
    @crafael. 4 года назад +3

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

  • @lufa1272
    @lufa1272 4 года назад +35

    Fraud is a fraud

    • @sandeep569
      @sandeep569 4 года назад +2

      Not when it is Kim Jung Un...

  • @fusioncoast
    @fusioncoast 3 года назад +5

    Can you also look into Adani and Ambani wealth

  • @harrisregi2423
    @harrisregi2423 4 года назад +28

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

    • @mohammedfairooz832
      @mohammedfairooz832 4 года назад +15

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

    • @drameensdentspa
      @drameensdentspa 4 года назад +5

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

    • @andamone8884
      @andamone8884 4 года назад +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 4 года назад

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

    • @sreyas7753
      @sreyas7753 5 месяцев назад

      ​@@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.

  • @teresawilkinson6231
    @teresawilkinson6231 4 года назад +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

  • @sivaajay2353
    @sivaajay2353 4 года назад +7

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

  • @dhanyakumar6804
    @dhanyakumar6804 3 года назад +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 3 года назад

      Bana zara

    • @mariaw9983
      @mariaw9983 3 года назад

      Mysterious, he committed suicide because of heavy debts

  • @Raqueem
    @Raqueem 4 года назад +12

    Wow, shortsellers to the rescue. What a world.

  • @IstanbulBeautyOne
    @IstanbulBeautyOne 4 года назад +10

    Fantastic investigative report

  • @southindianvoice1282
    @southindianvoice1282 4 года назад +30

    Thief

  • @user-ip6cq8xc2s
    @user-ip6cq8xc2s 4 года назад +124

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

    • @itzibutzi
      @itzibutzi 4 года назад +33

      Just like you are son of your neighbour

    • @user-ip6cq8xc2s
      @user-ip6cq8xc2s 4 года назад +17

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

    • @nimajji3517
      @nimajji3517 4 года назад +18

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

    • @raghavgowda366
      @raghavgowda366 4 года назад +13

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

    • @nimajji3517
      @nimajji3517 4 года назад +22

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

  • @adrianlloyd6403
    @adrianlloyd6403 3 года назад +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.

  • @crizleantiolasamsum3534
    @crizleantiolasamsum3534 3 года назад +4

    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.

  • @TaipanJobLim
    @TaipanJobLim 4 года назад +4

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

  • @La__cupertino
    @La__cupertino 4 года назад +2

    and where is he now....what a shame on governments!!

  • @nudratnawar8985
    @nudratnawar8985 3 года назад +24

    who else scrolled through the comments during the video? 😋

  • @Soultalkbeliever
    @Soultalkbeliever 4 года назад +3

    Have I understood correctly that Abu Dhabi Highness Sheikh Mansoor and other officials are the culprit ?

  • @aryanrajaatheist496
    @aryanrajaatheist496 3 года назад +4

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

  • @hamin31
    @hamin31 4 года назад +9

    Minister of tolerance🧐wtf

  • @bobbybeta3967
    @bobbybeta3967 4 года назад +10

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

  • @zephyrzee9491
    @zephyrzee9491 4 года назад +6

    Muddy Waters makes transparency impossible.

  • @TheSaba2115
    @TheSaba2115 3 года назад +9

    I love Al Jazeera documentaries. Very very well done 👍

  • @Gaiety55
    @Gaiety55 3 года назад +1

    NMC hospital in Noida was involved in organ harvesting which was first talked about in a huge murder case here. It's not just dirty money, IT IS BLOOD Harvesting. Perhaps in this context it would be easier to understand the patronage of the high and mighty.

  • @nayharries4625
    @nayharries4625 4 года назад +2

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

  • @rext8949
    @rext8949 4 года назад +23

    How was Dr Shetty allowed to leave the UAE without any legal action being taken against him inspite of committing such a huge crime ? Very surprising indeed . Fact is Dr Shetty was made a scapegoat for the crimes of powerful figures in the UAE. NMC was targeted and systematically looted by these individuals while EY the auditors looked the other way.Two unknown individuals without any background or financial experience acting as proxies suddenly become important figures in the company with an investment far beyond their own capacity. All these facts prove that the entire exercise was a meticulously planned fraud which was perpetrated and took place with the approval of the people in power. Dr Shetty is ironically just a helpless victim of this brazen royal heist unable to even clear his name. That the UAE is on the FATF list is revealing though not surprising - people doing business there should be careful.

    • @robertonditi7715
      @robertonditi7715 4 года назад +3

      Demetrous jk ,i agree,there is more to this,BR Shetty might be an innocent man who got caught up in a bigger game than he could stomach !

    • @jayesh5512
      @jayesh5512 10 месяцев назад

      It seems unlikely that a man who once arrived in the region with only $8 in his pocket and worked so hard to create a healthcare giant would be involved in such a scandal. But at times it can be all too difficult to run something so big and bad decisions are made. It's also likely that his unrelated purchases of the Assam tea company in Assam, India played a part in this debt creation. He took over many failing, debt laden hospitals in India, like the Seven Hills Hospital in Mumbai, which was over 1,300 CR INR in debt. so that can also be a factor. there is also speculation that the Manghat brothers who joined NMC Group in 2003 disguised the true state of the finances in NMC after B.R. Shetty devoted more time to philanthropy at the time.
      As to why he was allowed to leave, The UAE Higher court had not confiscated his passport and said "You cannot leave the country". So he left. Him not planning to come back is another matter altogether.
      The important lesson is that, when you do make it big, you do it with a sense of integrity, and don't be overconfident.

    • @jayesh5512
      @jayesh5512 10 месяцев назад

      @@robertonditi7715 There was an article published by the national saying that he wants to clear his name. this may confirm that he is willing to go to the last drop of his blood to find out who's tarnished his name and tainted his image. But with $6.6 Bn in debt, even his best efforts may not be enough. He technically owes a lot of money to a lot of banks. Who wouldn't go looking after him? It's a lot of money!

  • @sreenii5445
    @sreenii5445 4 года назад +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 Год назад +2

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

  • @djangocc3315
    @djangocc3315 4 года назад +50

    Doctor... BR Shetty? 🧐
    Since when are pharmacist referred to as Dr. .....🙄

    • @afrench4683
      @afrench4683 4 года назад +7

      Purchased Title

    • @danischannel
      @danischannel 4 года назад +2

      Must be some sort of Honorary title

    • @khetbaraqs1398
      @khetbaraqs1398 4 года назад +5

      This is what they tittle those people who's in position here in UAE even if they only finished 2yrs or such as pharmacist, etc. 😁😁😁😂😅🤣This is why this things are happening 😜

    • @seanbrendangarrette7644
      @seanbrendangarrette7644 3 года назад +4

      He could have a PhD.

    • @afrench4683
      @afrench4683 3 года назад +4

      @@seanbrendangarrette7644 He is a Crooked Person. His Dr is a purchased Honorary Title

  • @SHETRE33
    @SHETRE33 4 года назад +3

    in depth.. Great interview.

  • @urbanhunk4369
    @urbanhunk4369 4 года назад +11

    Money ILLEH ...

  • @staticcouch135
    @staticcouch135 3 года назад +4

    Lesson should be clear don’t put your money in UAE stock 😌

  • @briannawade2438
    @briannawade2438 3 года назад

    Excellent investigative journalism Aljazeera

  • @mukulawasthi4726
    @mukulawasthi4726 4 года назад +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 4 года назад +27

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

    • @harisankar614
      @harisankar614 4 года назад +7

      @@marty9404 😂😂..attitude..

    • @jefftan2859
      @jefftan2859 4 года назад +12

      He was treating you as his servant!!!

    • @RubinaMerchant
      @RubinaMerchant 3 года назад +6

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

    • @mukulawasthi4726
      @mukulawasthi4726 3 года назад +3

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

  • @edwardsamuel9460
    @edwardsamuel9460 3 года назад +2

    Jesus said that "it is harder for a rich man to enter the kingdom of God than for a camel to enter the eye of a needle"
    Life of riches here on earth is only temporary. If you only use money to satisfy your greed on earth, instead of helping the poor, Jesus wise words will apply to you.

  • @SJ-qs2gj
    @SJ-qs2gj 4 года назад +6

    This documentary is enough for the UAE government to put economic sanctions on Qatari government again.

    • @sibusisoxaba8254
      @sibusisoxaba8254 4 года назад

      Coming soon. They’re looking for a ligit excuse now 😂

  • @usamaS85
    @usamaS85 4 года назад +2

    why did the auditors not find it ???

  • @PureOranges2010
    @PureOranges2010 4 года назад +3

    There was news that B R Shetty helped in case of actor Sridevi murder to come out involved clean.

  • @IrshadEdathnattukara
    @IrshadEdathnattukara 4 года назад +58

    He is a prominent funder of RSS!

    • @ssptrading8243
      @ssptrading8243 4 года назад +9

      not only RSS even KMCC and Abu Dhabi Islamic centre, you will see NMC and UAE Exchange logo outside their office building. And if you check with some of their office bearers you can get details of how much fund shetty gave. Since you have access to his bank account, just check how much funds went to kerala communist government during the election campaign.. If you still dont believe ask pinarayi vijayan

    • @haripk1
      @haripk1 4 года назад +1

      @madhu G just as hinduism is the reason behind the saffron/rss terrorists..All religions are a scam

    • @yashk4051
      @yashk4051 4 года назад +3

      Islam aur tera Muhammad chor, terrorist

    • @DevenderSingh-xg5ek
      @DevenderSingh-xg5ek 4 года назад +1

      Is this big crime than frauds?

    • @ihih1950
      @ihih1950 4 года назад +1

      @madhu G chanaka sanghi meir

  • @wildforfreedom6614
    @wildforfreedom6614 4 года назад +13

    It seems like majority of the corrupt businessmen in the world come from 1 country . In India , there is Vijay Mallaya , Nirav Modi etc , in UK there is BR Shetty , in South Africa there is Gupta Brothers etc .

    • @nikhilpatil7218
      @nikhilpatil7218 3 года назад +1

      Like 1st world countries don't have corrupt businessmen. You have much worse businessmen and your government protects them and bails them out to leech on the common people again.

  • @limnasainudeen4885
    @limnasainudeen4885 4 года назад +2

    shetty a philanthropist??!!oh please....

  • @briannawade2438
    @briannawade2438 3 года назад +1

    Can you investigate corruption in Australia and University’s here also other institutions

  • @manabutanuki5430
    @manabutanuki5430 4 года назад +4

    Where is Shetty doing now, after so much trouble to so many people?

    • @abdurrouf6223
      @abdurrouf6223 4 года назад +2

      hiring bots to dislike this video

  • @TA8TASTIC
    @TA8TASTIC 3 года назад +3

    For all the credit related controversies world wide. No one knows where all the money disappears.
    Looks like the puppet master is above the reaches of media researchers, auditors, accountants. Unless all of them are in cohoots, which is a more plausible suggestion

  • @rajnj1809
    @rajnj1809 4 года назад +2

    When police like E&Y sleep like a cat on wall , these things ONLY REPEATED AGAIN . Same story with S&P and all accounting firms . Stock owners must be given right to sue the audit and reporting and rating agencies directly into a class action. There is no better solution than this to curb the practices.

  • @johnnydoe3603
    @johnnydoe3603 Год назад +2

    Pharmacist ? 😂 What ? 😂

  • @RatherA
    @RatherA 4 года назад +30

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

  • @reneearce1667
    @reneearce1667 4 года назад +12

    one of the best documentary of AL JAZEERA

    • @SameerKhan-iw4mr
      @SameerKhan-iw4mr 4 года назад

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  • @FawadKhan-pf4fg
    @FawadKhan-pf4fg 4 года назад +2

    PBUH is only for prophets , not for random people

    • @m.haslam8495
      @m.haslam8495 4 года назад

      Well highlighted. That's Shetty being manipulative and creeping to the Sheikh.

  • @swathiharshavardhan2231
    @swathiharshavardhan2231 3 года назад +1

    What happened to the officials of UAE are they going for jail time? Why their names are not highlighted?