13146 8 nov the national Abu Dhabi court finds NMC Healthcare founder Dr BR Shetty liable in case involving $5.39bn High-profile UAE enforcement case establishing liability for fraudulent trading and undisclosed borrowings; relevant precedent for financial statement scrutiny and related-party risk assessment in conglomerates. 6

6737 18 aug sec SEC Charges Former Executives With Fraud in Connection With $1.9 Billion Collapse of Subprime Auto Lender Tricolor The SEC charged former executives with fraud related to a $1.9 billion subprime auto lender collapse, highlighting accounting fraud risks in lending operations. 6

4016 10 jul the national Vashi jeweller accountant blacklisted over 'fictitious' £157m diamond hoard An accounting scandal involving fake diamonds highlights gaps in audit procedures for verifying high-value assets and assessing financial risks. 6