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
Shaji, Rich people have already got their black money in white before 8th November, they have been informed before hand by Feku....no one died from rich and other political parties..
Prime Minister Sab, what is happening.... people are dying...have mercy on them....
According ruling BJP, people will have to sacrifice for ache din and this is what happening. Ruling party is not worried about the daily deaths of people becoz all of them are from poor family whereas rich people are relaxing since they got the money exchanged in advacne of the declaration. I think bjp is not feeling shame for running Govt on the dead bodies and they feel proud of these deaths telling this is a sacrifice for bright future of India. None of the people who has black money every stood in the que. BJP leaders received new currency in advance. I dont know how many more poor people will have to die before the situation becomes normal. shamelsss govt is still justifying their decision. Mukhtar Abbas is actign as if he is an agent of Devil.
Insane Modi Bhakts like Naren might be happy after reading this news.
According to Bhakta\s they are sacrificing their lives for the country.
There leaders are going for 5000 crores grand marriage function."
Naren, will you provide him 72?
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