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
Rahim uchil will angry coz Zakir hussain eating meat and fish. How the seer of matt allowes him to enter the temple.
@ Mr. Truth, Persons link your spoiling real meaning of Hinduism. You are so filthy by your mind
Why mutt entertaining these kind of programs. There are hindu people who can conduct concerts
I am a great fan of you sir. Eagerly waiting for the moment. Hope nobody make unwanted issues there
True. Abu said right thing. Police and organisers should ensure his safety before bringing him
Art has no religion. It needed pure heart to enjoy. Waiting for the concert
Is there anybody to protest against this. I'll join with you. I will provide you some equipments to distract. Inform me ASP
Ahamd Khan, a Muslim folk singer was Murdered by temple Pirest RAMESH SUTHAR in Dantal Village of Rajasthan. The priest Ramesh accused Ahmed Khan of not singing well in the temple, and (Ramesh) failed to possess his god and harness supernatural power.
Hope Ustad Zakir Hussain will not meat the fate of Ahmed Khan, if Pejawar Seer or his devotees fail to impress their diety in Udupi for the fault of Zakir's finger on Tabala.
Add new comment