 "A Barclays logo is pictured outside the Barclays towers in Johannesburg. Photo: Reuters")
Barclays won a legal fight to enforce an award of around $131 million against the founder of troubled NMC Health. The lender turned to a London court after a Dubai judge ordered Bavaguthu Raghuram Shetty to pay the money after his foreign exchange business failed to meet a transaction agreement with Barclays in 2020.
Shetty’s lawyers said at a December hearing in the UK that he is “financially paralyzed” and asked for the suit to be adjourned so he could get proper legal representation. A London judge rejected that application on Monday. Shetty, 79, is facing a number of freezing
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