Newsroom, Apr 30: Beleaguered billionaire B R Shetty, who went into hiding after after a multi-billion fraud at UAE-based NMC Health came to light, has now put the blame on his companies employees.
The former chairman of the Abu Dhabi headquartered hospital operator said, investigations he commissioned found following things:
1. The fraudulent creation and operating of bank accounts in my name including many fraudulent transfers that I neither authorised, consented to, or had any knowledge of.
2. The fraudulent creation of loans, personal guarantees, cheques and bank transfers in my name, and using my forged signature, that I neither authorised, consented to, or had any knowledge of.
3. The creation and set-up of companies in my name that I neither authorised, consented to, or had any knowledge of, and that were seemingly created with the express intention to commit or conceal fraud.
4. The fraudulent creation of powers of attorney, and the misuse of existing powers of attorney, again in my name, that I that I neither authorised, consented to, or had any knowledge of.
5. The creation and provision to me of false and misleading financial statements and information regarding the performance of some of my private companies and investments by members of my own management team.
6. The payments of expenses using my private companies and personal bank accounts, I believe to hide the true financials of the public companies."
This is the first time Dr. Shetty, who is reportedly hiding in India for the last couple of months, issued a statement based on investigations he commissioned privately. He had brought in a consultancy to conduct it after initial revelations came to light that NMC Health had not been fully transparent with its finances.
Dr. Shetty had stepped down as executive chairman after the then Board of Directors barred him from attending any meetings. “I intend to work tirelessly to clear my name and assist any authorities in getting to the truth and help them ensure that misappropriated or missing funds are returned by the perpetrators to their rightful owners,” said Dr. Shetty.
This month, ADCB, which has the highest exposure among UAE banks to NMC Health, brought charges against five former officials, including ex-board of directors, with Abu Dhabi prosecution. The former CEOs of NMC Health and Finablr are also currently not in the UAE.
Comments
i dont see 2 fools commenting anything here....naren and viren.....
Let this unity and understand remain between us..If we public live in this attitude the Bajrangeez will leave India.....Jai HInd.......
Manoj
Dragging religion on terrroism - Its also a narrow minded deception from the media.. right . When someone does good it irks others..
Inala lilai wainail rajoon
Nowardays people think Muslim's are bad, even if they do a job still some non Muslim's problem, as per u all know.... Instead praying for them for rest in peace ,bringing religious issues and matter in middle.... My people pray for them ...and leave all hateness between religion.... Pray allah u give them high place and degree in janah
Dear Manoj,
The intention of specifying the rescuer as MUSLIM, is just to show dot those ill minded people who have negative image on all Muslims.
This is the logic behind it. Everybody should know though the choice of religion is their own will/ business. However maintaining harmony with other religion has no bound and no barrier.
Unfortunately religion has been identified in the society as TITLE of Criminals OR Innocents.
We are way behind KERALITES as they live together peacefully with cooperation, in harmony, keeping the religion as their own business.
Religion never says to severe the relation with others.
Let us make our living style also same as Keralites or better than them.
May God Help
Dear Manoj,
The intention of specifying the rescuer as MUSLIM, is just to show dot those ill minded people who have negative image on all Muslims.
This is the logic behind it. Everybody should know though the choice of religion is their own will/ business. However maintaining harmony with other religion has no bound and no barrier.
Unfortunately religion has been identified in the society as TITLE of Criminals OR Innocents.
We are way behind KERALITES as they live together peacefully with cooperation, in harmony, keeping the religion as their own business.
Religion never says to severe the relation with others.
Let us make our living style also same as Keralites or better than them.
May God Help
True Muslim
Inna lillahi wa inna ilaihi rajiwoon.
May ALLAH grand him Jannathul Firdous - AAMEEN
CD, the heading line seems as COMMUNAL
May All you saved entire human being \ - Holy Quran.lah bless him Jannah In sha Allah. \" Saving one innocent is equa
I salute you, as a great muslim and a great Indian."
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