B R Shetty, the multi billionaire in Dubai is a known name all over. He is the one that announced a 1000 crore budget movie on Mahabharata. His very famous address of 100, Burj Khalifa made several biggies burn with envy. It is this same person who announced a 1000 crore project to improve tourism in jog falls, the world famous water falls in Karnataka.
Well, for now all his accounts in UAE is seized. All his firms are blacklisted. The Federal Attorney general declared this with instructions to banks across UAE. Mr Shetty owes a whooping 8 billion dirhams to several banks in Oman and has a big margin in repayment. NMC, a multi speciality hospital chain owned by him. He is also facing a string of charges in India.