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
why not call them terrorist or ban their organisation......applicable to minorities only?.......
Check who they are inspired from.....Ban them
Which school they studied....Close it....
Arrest their friends and relatives......
arrest all those who called on their mobiles....bla bla bla....as you do it against Muslims.....
SEnd them to Israel - their ancestors place
All the honest people of DK should start supporting the honest POLICE and honest authorities when we see these stupids try to disrupt the peaceful society...
Recognize the CULPRITS and Voice against such CULPRITS who try to destabilize our society.
b***ards!! give poison to them
dont let them roam in the country, they must be behind bar for lifetime so others also can learn from them.
everyone must be punished for their crime, still some bastards are hiding who killed kuttappa.
they are only good for these types of useless things..
Cut their hands and take to Singapore for treatment.... Naren will take care of them....
Add new comment