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
Goons.....say something......she was not wearing a burka
showoff...who cares..!!
Show off....who cares..!!
BJP MLAs are playing in crores. where does this money come from. Income tax officers should raid this type of MLAs for right source of income. this is definitely from unlawful activities and illegal. MLAs are playing with crores whereas poor people are carrying dead bodies of their beloved on their shoulders and baby is dying on ones shoulder because Govt hospital did not provide him stretcher. What a shame. Its shameful to our public who select these types of goonda people to be Ministers only to get enriched.
What is her age?
Yes BJP MLA's are all coming in media for wrong reasons.. They themselves living in LUxury and never care for the poor of the country.
The road condition is not good enough for these imported cars....very expensive car.....fixing dent of car will require another one crore....rickshaw guy should be compensated with at least one crore....
everybody once will hit their new vehicle somewhere. why only targeting politicians all the way, if something did by congress, bjp will highlight. if bjp congress will blame. now a days media also doing the same thing, seriously alteast media should stop their saffron views. work for the development of the society provide true news to our people.
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