An Abu Dhabi court has found NMC Health founder Dr. BR Shetty and former CEO Prasanth Manghat liable in a massive $5.4 billion fraud case. The court ruled that both executives knowingly misappropriated company assets and hid the group’s true financial status for eight years. Additionally, the court ruled in favor of Abu Dhabi Commercial Bank (ADCB) in a separate claim, ordering the former CEO to pay heavy damages, including $1.02 billion in outstanding monies.