Sources of the island said that the UAE authorities arrested Bainai Shetty, son of the fugitive Indian investor, BR Shetty, who is hunting for claims to pay more than $ 7 billion, and his son is still living in the Emirates.
An investigation of the "What is More Hidden" program revealed leaks of correspondence between Shetty and the Under-Crown Prince of Abu Dhabi, one of which was after his escape to India in February.
The talks that took place between Shetty and the Emirati official included a secret message to Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed, and he confirmed in a letter to him after his departure from the UAE that his son Binay and his son-in-law in the Emirates are ready to meet at any time.
Testimonies and documents obtained by the investigation revealed that BR Shetty "escaped from the Emirates within days of attending a meeting called by the Court of Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed at Qasr Al Bahr.
She also revealed that Shetty was part of a network that manages companies and investments for Mansour bin Zayed, brother of the Crown Prince of Abu Dhabi, who is currently deputy prime minister, and that this network has been linked to various investments inside and outside the UAE in several fields, including health, financial and real estate, As well as the military.
The program team concluded that Shetty accused parties in the Emirates of forging his signature and setting up fake companies in his name with the intent to defraud.
The debt of the Emirati group, NMC, reached $ 7.4 billion. As a result, Emirati and other foreign banks were placed in bankruptcy.
An investigation on the London Stock Exchange extended the activities of the Emirati group, after accusations of fraud, fraud and suspicious deals, in parallel with reports from international organizations accusing the UAE of becoming a haven for money laundering and financial fraud crimes.