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
He deserved it .if he has criminal background
so u r supporting the criminal.. u r just biased.
Kartik, Mangalore ..... just find out why Tagodia is evading arrest warrants which are pending against him.... The police goes to his house and returns empty hands saying NOT FOUND IN HIS HOUSE ..... This is the DNA of our Indian legal system ....
All these are happening with support of their communal mind god fathers rss goons. Even they are now in touch with isis group.
India don't want such ugly dirty danger criminals groups stand together and kick them out from our holy land.
Jai Hind !
communal violence, he is from PFI so got murdered.
government saved some money! RIP
Inna Lillahi Wa Inna Ilayhi Raaji'oon
yahh why rowdy sheeter are allowed inside of our country, for corrupt, cruel people should have thr own place.
horrible incident. if he has 48 cases on him how he got the bail. all congress people blessing
what happened its really sad, but rowdy sheeters life always end like this.
dog always die a dog's death.
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