Transcripts For ALJAZ BR Shetty And The Missing Millions 202

ALJAZ BR Shetty And The Missing Millions July 12, 2024

Pandemic which as large as shield of sri lanka sort of limiting sri lankas coronavirus dates to 11 limiting the spread so thats very much at the top of peoples minds and the way of the efficiency which the current government led by present go to the rajapaksa has managed things. Anger has boiled over on the streets of beirut as residents direct blame for tuesdays deadly port explosion at lebanons leaders 16 employees of beirut sports have been detained protests says took to the streets as french president in Mannion Mccoll visited the capital a con call for an International Investigation into the blast that killed 149 people and he backed calls for a new political order when its made reports from beirut. On the streets of beirut on thursday frances president Emmanuel Mccomas essentially moment by people many of them calling for a turn of french mandate fronts was the clonal hour here before independence and its because micron has essentially stepped into a void left by lebanons own political leaders not drawn has been able to offer practical support in the terms of the medical teams on Financial Assistance to beirut and hes off with a routine moral support as well but hasnt come from lebanon zobel little classes they havent been able to do that and theyve been conspicuous by their absence from the streets since the catastrophic explosion just did not i know is that the people of lebanon have electricity shut down every day and its not working the provision of imports and exports has collapsed because of the Financial System and so theyre on says for the short term that we need as we know the answer is to fight corruption reform the energy and electricity systems the customs we need transparency for imports and exports we need reforms for all the sectors and insist on these changes quickly and. Many beirut is most people ive been left to their own devices we spent the day Walking Around its a beirut and we saw that young people with brushes and dustpans and pickups and shovels beginning to clean up we didnt see the military we didnt see the police and it was the french president who said he wants to see. The new political order in lebanon he wants to see it will not seek change in the way that this country is going to the Saudi Crown Prince is accused of sending a group of hit men to canada in a failed attempt to kill one of his former top intelligence officials the alleged target saddam jobbery is filing a lawsuit in washington d. C. More than 2000000 coronavirus cases have now been confirmed in india daily infections continue to rise across the country with Health Officials so far unable to contain the spread more than 41000 people have died the philippines now has the most corner virus infections in east asia following a surge in cases as spawn ted another law found in and around the capital manila affecting millions of people and threatening to overwhelm hospitals u. S. Reson donald trump has issued an executive order banning business with the chinese owners of social media take talk the order brocks any transaction with a company bite down and send the owner of the messenger we chat starting in 45. 00 days a rare meeting of hundreds of afghan leaders scholars and elders is happening in kabul right now live pictures its aimed at finding ways to negotiate a peace deal with the taliban and afghanistans war a key issue at the gathering known as you know a jirga will be whether the government should meet a talibans demands for the release of 400. 00 prisoners those are the headlines coming up next year aljazeera world. To. Abu dhabi capital of the United Arab Emirates and the location of a financial controversy of huge fortunes won and lost. Its a story that revolves around the man on the left the indian billionaire tycoon doc to be our shetty. For several months time around this howl of aljazeera arabic channel follow the money trail in which the numbers involved are quite staggering. He looked into a man who owes millions and in one case over a 1000000000 u. S. Dollars. At the center of this debt crisis is an m c l n Abu Dhabi Based hospital provider with a global reach. It seemed that mc was riding the crest of a wave Health Care Spending in the u. A. E. Was high with patient numbers in the millions. The company had expanded into spain saudi arabia and the u. K. With some 20000 medical staff operating around 200 facilities. And n cs charismatic founder b. R. Shetty was well connected in the u. A. E. Counting among his friends the under secretary of the crown prince called about Mohammed Mubarak our mother only. The aljazeera arabic team discovered color. Spondon between the 2 men at a time when the true scale of venom seized debts was starting to become public knowledge. It was january 2020 and shetty was seeking a meeting with his friend the advisor to the crown prince about the double. As shetty revealed the nature of n n cs debt crisis the advisor said that he was out of town but they agreed to meet the following week at an m r r t ocean palace. Meeting with at the end of january was targeted at a higher level shetty needed to engage with Shaikh Mohammed bin desired the crown prince of abu dhabi. The discussion at that meeting is known only to those who took part but what is certain is that shortly afterwards b r shetty flew to india and did not return. A series of outwardly friendly messages followed between shetty and through a including reference to a private letter from shetty to the crown prince. Aljazeera wrote to the undersecretary of the crown prince cordova dubey Mohamed Mubarak al masri wanting to discover more about his january meeting with b r shetty it also asked to see the letter from dr shetty to the crown prince. But no reply was received. But by that time shetty s. And m. C. M. Car had begun tumbling down the 1st rumblings of financial trouble were in december 29th gene but by march 2020 Global Confidence in n m c was in freefall as was the companys openly traded share price. And n c announced that it had discovered suspected fraud and that hidden debts amounted to over 4000000000. 00 u. S. Dollars. The aljazeera arabic team has spoken to those close to shetty questioning former associates and Financial Experts in this program they pieced together the evidence which now reveals the previously untold story of the rise and fall of a selfmade indian billionaire. Courses and the men at the thought to be our city how can it have the and they have been especially like. I was never expecting never never i fall from the clouds so to shift your saw was a big philanthropist he helped thousands of people and organizations recently 2 years ago who played charles got his asian of b. D. And believe the gates to give half of his fortune she was given back to the society. For example they say she house. 2 floors of bush had before she bought yet but why he bought what. Fingal it will be by pikeville shes giving back to the governor. Wanted to know how shes empire fell so far leaving a long trail of debt in its wake. The child who was clearly well connected and had a long track record of Business Success so where did it all go wrong. Thirimanne as i broke a bar and restaurant home a woman in the heart of the law when it had. That i mean. Ok if. There are. Just of the stuff and broke. The washer bank. And actually what outfit. That are the similar. Study or she took folk for someone to what were up to me no food while at the hostel my with an effin fellow stop their shitty and yet for. Not a damn what a food shortage of men and bother with them if in the end ready ready. But who is beyond. Growing up in india he trained as a pharmacist d in the western city of money. Then in 1973 he traveled to the United Arab Emirates to as it were seek his fortune. 2 years later he founded new Medical Center health n m c responding to the demand for Quality Health care in the u. A. E. Very quickly the business expanded as new clinics opened across the country. With large numbers of Foreign Workers in the u. A. E. Sending their earnings back home she also saw an opportunity in Money Transfer and opened a chain of outlets called u. A. E. Exchange. Business was booming and shetty was in the right place at the right time. Building relationships with the u. A. E. As all powerful shakes appeared to open doors for shetty and his ambition knew no bounds a tycoon was born. And thanks to his highness save that whistle from the land peace be upon his soul and hes given open a welcome to anybody so when i came here nor Job Opportunity Program or pharmacist when they came here my brother mother advised me so go whatever you want to do do something good to the Community Give the community in mind and when they came here his highness exact better breckenridge t. V. He was telling Quality Health care for all at the affordable cost so i started the 1st the project in the my way of being the doctor 1st doctor and then mc and 1. 00 broome clinic we started as and today we have 200. 00 facilities 208 for that is in 1000 countries 3000 doctors 8500000 patients a year until today it is 1. 5 to you it 1000000000 dollar which is im very happy and what the what the capital. Bisect bank the money and the blessing for the right. Time around this hal and his team obtained documents that show how close shetty was to senior political figures in the u. A. E. One name the former Justice Minister abdullah homemade almas through a appears in these documents as a shetty business partner. Government ministers having private business interests in the middle east is not unusual or illegal and the partnership proved profitable for both men. Another associate is now here on bin mubarak. The current a minister of tolerance. This power of attorney document reveals that as culture minister he authorized shetty to be is official representative in shetty is pharmaceutical business neo pharma. To find out more about shut his business methods time around less how to track down one of his Close Associates in the u. A. E. A long time observer of b. R. Shetty. Agreed to be interviewed on condition that he remain anonymous and his voice be disguised said can you tell me about what do you know about mr b r city and how did he manage to reach this musician in the u e r r. R r b r. Known. Call at the moment our. Relationship. But hes still not as a doctor. You are. Free will. You know is wrong but you know what. And so over time. And certainly no doubt was. In 2011 there were changes at the top of the n. M. C. Group abdullah who made. The former Justice Minister was removed. Through a wood lathe to say that the amount he received for his shareholding was less than it was actually worth. In his place came to young investment specialists from a Company Called century and partners investments. They were hairy on the left and saeed al kobe see. There were plans to float the n. N. C. Health care group internationally a move that would bring in new investors from across the globe. In 2012 and then see became the 1st i would be company to be listed on the London Stock Exchange the initial Public Offering or i. P. O. Raised 186000000. 00 u. S. Dollars. Investors from across the world sort of slice of the action. But what was the significance of n n cs London Stock Exchange listing. For n m c its very. Ortons it gains against credibility it gains access to Institutional Investors it gains access to individual investors Retail Investors and as the company grew in this case it becomes part of the footsie 100. 00 index and as it does that it gathers assets from index invest investors around the world clearly this company had enormous influence in the United Arab Emirates government it was branded as one of the most successful firms that the United Arab Emirates ever spawn off it was touted around the world as a shining success story. But the former Justice Minister no longer involved following the london listing the new amorality power brokers within the shetty empire was saeed al could they see as a hiding but some question suitability for the job. Jasim. And even in haiti was a look this is michelle aka mother shitty then hell you have a new plane with many a model for others she said. The atoll and the home. You has will have a list of modern a wooden or a live i book up to let me a little for you but at the moment i want to welcome home and what it will but. Also know im not im sorry about. It so i thought it was nothing since the tally. Lesser as sarah and they were not at that and. Helen asked regarding mr. Harry and said look basically how do they fit in to that relationship so the way it works in a new email. Is that they dont like to have. You know people are shot and documents they dont want. They hire you know trust nonroyal 2 signatures and be the you know the be or are. The local. But these people really do your proxy solution to mary and you know they are their world was acting on behalf of all. War zone. Should. Rob. For you for. All your. So. Far nor are. The real. Shakman soul been desired are not often referred to simply as shipments or is the deputy Prime Minister of the United Arab Emirates. But did the billionaire shaikh play an unseen role in the shetty empire. And what was his connection to the new n m c power brokers alcoa basi and our more early. Aljazeera roads to check months or asking if he would comment on the allegation that saeed al kobe c. Harry of censuring investments acted as proxy directors on his behalf and that their shareholding was managed for his benefit giving him effective ownership of n n c else. But no reply was received shakman saw hold several other positions at the very top of m r r t politics and society his business interests are vast estimates put his net worth as high as 20000000000. 00 us dollars. Falling out of a new title of business what would happen i thought i thought about this deficit is there as either a lot of us have and i know i thought i thought the theme with some of you had a lot to do with a. Poor. You say melbourne to win the fight for cool well class. The 3rd and the one minute in a minute a 1000000 or less. Then feel the hand but it was. There how bitterly to help. It went. At it and the lack thereof that what their religion who are. How are you feet. Badenhorst as a whole meal well thought that. What. Was in a molly out of a mobile home the. One machine for them all the world middle. Up over to the north then and then abroad where the new year when they have been all generally. Fear and the number. Now known has. A dollar. And the say hello. To one what will you. Let the have a lathe and the bill found out of the. Business interests were huge. At their core was the n. M. C. Health care group providing hospital facilities in the u. A. E. And several other countries. Then theres fin a blow a Global Platform for payments and Foreign Exchange with millions of Foreign Workers in the middle east sending money back to their own countries this is a lucrative Business Travel x. And exchange to offend the ablest flagship brand. Theres also neo pharma a Factory Manufacturing prescription medication. Other parts of shut his Business Empire include companies in no man and morocco. An investment in 1000000000 marks of the muscles have been the lariat want to be a little more is that what ought to be asked about that the i dont know what theyre going to run that comes with. So was shetty made the scapegoat for the decline of his Business Empire or was he the architect of his own misfortune. A search of registered companies in abu dhabi reveals an intricate web of different organizations some in chechens name others on the shetty and his Business Partners of these legitimate Trading Companies or is there a different explanation for the claims or the nyquil connemara mail is a machete cant be any so you know men who are american hockey can have a show ticket and then my at the other will say it havent. Hama. Be it as you had. This you had the show to get have a show because that day i leave. A hurried where clearly they him what are our hearts. Because you know while. The show i thought of special him are alive and i mean and then realize that i mena. If i see the i will mushroom has a. Lot of we have add. And women fear hard but the feel. They have. To let you can and to at the elicit a level fast he didnt have the he had he had to work theres been business relationships not just in n. M. C. But in other companies as well i think whats evident is that the problems i dont im see may be replicated in other companies such as from a blur with each also has had on the player that so there is definitely questions around you know how this relates to some of the other companies and where theres the you know where does the rot spread how far does the rot spread because it certainly doesnt seem to be just. You know specific and him seem like a year when you tell around this whole must be assured shes former colleague about the expansion of the u. A. E. Based companies particularly in health care. Let me echo the west so on what interested him was the pace of this expan

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