Dubai: Dr. B.R. Shetty, founder of NMC Health, has resigned from the Board of Directors, UAE based Gulf News reported on Monday. Shetty’s resignation comes days after he was excluded from board discussions for possibly misrepresenting his shareholdings in the company.
Shetty stepped down with immediate effect, along with Chief Investment Officer Hani Buttikhi and board member Abdulrahman Basaddiq, the company has said.
UK stock market regulators are looking into the company after news that B.R. Shetty had inaccurately disclosed the size of his stake in the business.
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More details to follow.
