The largest private healthcare company in the United Arab Emirates said its co-chair and founder BR Shetty stepped back from its board after informing NMC of potentially inaccurate reporting of his holdings.

"We are aware of the situation and are making enquiries with the relevant parties", a Financial Conduct Authority (FCA) spokesman said in an emailed statement.

(Reporting by Kanishka Singh in Bengaluru; Editing by Chris Reese)