Bank of Baroda vs BR Shetty: Over 100 anti-money laundering alerts were generated on NMC Health group accounts
Bank of Baroda had been Shetty’s personal banker since the early-to-mid-1970s, a relationship spanning around 45 years, and was NMC’s primary banker until about 2019
BR Shetty has now filed a suit against Bank of Baroda and several officials in the Bombay High Court, seeking around $15 billion in damages
Bank of Baroda allegedly procured a Look Out Circular against Shetty through law enforcement agencies on May 8, 2020