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
ALL MURDERERS ARE FROM SANGHPARIVAR. THERE IS NO DOUBT AT ALL...
Like Batwoman (Burkha woman) :-P
LOL.. why that mask. It remembers me some Burkha women standing in programme photos. They will do the same. They will pose for photos but nobody can see those women's face except two eyes (some people used cover nose bridge also :-D)
What is the main reason of covering the faces of guilty, which reveals police are favouring such murderers. Police not only arresting, they should disclose their identity, such as which group they belongs and the intension of their killing, on whose behest they killed etc.
Police should post murderers picture with open faces as to know if they can be recognised by people for some other cases. It will help Police also as these culprits might be doing some other unsocial activities like dealing in drugs / supplying prostitutes etc. as such people do this kind of unsocial activities for money.
this is sangaparwar policy to cover thier dirty face to public ....
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