Business Who is BR Shetty? UAE-based billionaire now accused of fraud Updated : April 28, 2020 08:42 PM IST The man, who finds all his accounts frozen by the Central Bank of UAE and firms blacklisted was at one time the poster boy of the gulf dream for thousands of Indians toiling in the middle-east. Legend has it that Shetty, founder of Abu Dhabi-based NMC Health and UAE Exchange arrived initially in the UAE with just $ 8 in his pocket. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.