India, Oct. 19 -- Dr Bavaguthu Raghuram (BR) Shetty, founder of UAE-based healthcare provider NMC Healthcare and UAE Exchange, has approached the Bombay High Court seeking $15 billion (approximately Rs.1.43 lakh crore) in damages from Bank of Baroda (BoB), its officers and former NMC executives Prasanth and Promoth Manghat, alleging fraud, forgery and collusion in the handling of the group's finances.

In his suit, filed through advocates Zulfiquar Memon, Waseem Pangarkar, Abhishek Gupta and Chinmay Bambarkar, Shetty alleges that after he relinquished control of the companies in 2012, the Manghat brothers cut him off from information, records, cash flows and banking facilities. He formally stepped down as chief executive officer in March ...