News / Underreported

The story of Shetty

Thursday, 30 July 2020 1:16 AM [ Last Update: Thursday, 30 July 2020 1:34 AM ]

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Earlier this year, the United Arab Emirates was rocked by one of its biggest financial scandals ever. B. R. Shetty, an Indian businessman, who had come to the UAE as a street vendor of medicines and medical materials four decades ago, fled from the country, leaving approximately debts of over 7 billion US dollars behind.

But the way Shetty rose to the top of his career as a prominent businessman and the way he fell can cast light on the inner workings of business in the UAE. After all, the devil is in the detail.

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