Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

London Dreams Turn Into a Nightmare for NMC, Finablr Brothers

March 16, 2020, 1:40 PM

Promoth Manghat, who spearheaded the London listing of Finablr Plc less than a year ago, just became the latest casualty of the widening scandal around NMC Health Plc, joining brother Prasanth who was kicked out from the struggling hospital operator last month.

The brothers, hailing from the Indian state of Kerala, were quickly propelled into the upper ranks of Bavaguthu Raghuram Shetty’s business empire after relocating to the United Arab Emirates in the early 2000s. They took up CEO posts at the payment platform provider and the country’s largest health care chain just a few years later.

Promoth Manghat
Photographer: Harry Murphy/Sportsfile via Getty Images