Each of the four defendants has been handed a five-year imprisonment term followed by deportation and a fine of Dhs10m
The order was secured by NMC’s biggest creditor, Abu Dhabi Commercial Bank
The NMC Health founder denies wrongdoing and says he has “complete faith in the justice system of the UAE”
Finablr and NMC Health were both listed on the London Stock Exchange before being suspended
The moves mark the official beginning of the dismantling of NMC, which once had a market value of up to $11bn
Shetty claimed he was also a victim of fraud and put the blame on a “small group of current and former executives”
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