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Bank of Baroda faces a $15 billion lawsuit shared by NMC Healthcare founder Dr. BR Shetty alleging fraud and fund diversion
By ScoutQuest · · 1 min read
- Lawsuit amount
- 15 billion dollars
- Interest sought
- 18 percent annual
Heard on business television between 08:23:28 - 08:26:28 IST.
- Dr. BR Shetty shared a $15 billion lawsuit against Bank of Baroda and 25 others before the Bombay High Court
- Lawsuit alleges the bank facilitated fund transfers through sham supplier accounts
- Alleged forged personal signatures were used for fund transfers without Shetty's knowledge
- Alerts of wrongdoing were flagged to the bank but officials allegedly failed to act
- Suit seeks $15 billion in damages plus 18% annual interest
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Source: Live TV News Channel · 14 Oct 2026
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