If you remember, a few years ago a wrist watch worn by the then chief minister of Karnataka was in news. Mr Siddaramiah wore a hublot worth over 40 lakh rupees. Along with being a cover page story, it also became a free publicity drama for the watch brand. Well, the man who gifted the said asset is now in muddy waters, almost literally.
All accounts of B R Shetty frozen by UAE
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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.

B R Shetty the richest Indian in UAE goes bankrupt
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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.

He apparently landed in the gulf with just 8 dollars and turned into a multi billionaire in time.