Riyadh, May 6: A Saudi royal has passed away, Spa reported on the first day of Ramadan (May 6).
According to a statement issued by the Royal Court of Saudi Arabia, Her Royal Highness Princess Hessa bint Saud bin Abdullah bin Saud bin Faisal Al Saud passed away.
She was the mother of His Highness Prince Abdulaziz bin Faisal bin Salman bin Mohammed Al Saud.
The funeral prayers will be held today after the Asr prayer at Prince Turki bin Abdul Aziz Mosque in Riyadh, Spa added.
Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.
The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.
In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.
Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.
Currently in India and facing a string of charges, Shetty is the founder of NMC Health.
The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).
Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.
Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.
A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.
The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.
when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..
after BJP come to power in india,our country is acting like maron, this will only end with final WAR.
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Inna Lilllahi Wa Inna ilayhi Rajioon May Almighty Allah grant her and all og Jannathul Firdous
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