Barclays Wins Offer to Recover $ 130 Million from Health Co. Exec

By Silvia Martelli (January 10, 2022, 5:39 p.m. GMT) – A judge ruled on Monday that Barclays could enforce a $ 131.5 million judgment against the founder of a bankrupt hospital operator implicated in a fraud scandal, allowing the banking giant to recoup losses created by human forex trading.

The High Court granted Barclay Bank PLC summary judgment in its fight to recover money from Bavaguthu Raghuram Shetty, the founder of a large international conglomerate that collapsed under controversial circumstances, wiping out billions of dollars for the shareholders.

Judge Andrew Henshaw has said that a $ 131.5 million judgment Barclay holds against Shetty is enforceable in English courts. The…

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