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.
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Dont live your life with HATE in your heart for anyone,
You will end up hurting yourself more than the people you HATE
Dear Brothers.
There is no God but ALLAH and Muhammad pbuh is the last and final messenger of ALLAH. ALLAH guides the one who is HONEST in knowing the TRUTH.
The Prophets of ALLAH are many but 25 Prophets are mentioned in QURAN by name.The best of them are 5
Prophet Noah,
Prophet Abraham,
Prophet Moses,
Prophet Jesus and
Prophet Muhammad - Peace be upon them all.
Mankind needs Guidance from their teachings... They all conveyed that ALLAH is the creator of all that exists (human beings, animals, plants, earth, universe and all that is in between them) and we all should WORSHIP him alone without associating partners.
Everyone is born as a Muslim but their parents take them to worship different man made objects as Gods... which is a Sin. (Until U research on it, You will never understand the consequences on worshiping others beside the True God)
Come to the TRUTH... and use your intellect to know the reality with LOGIC And REASON ---- QURAN invites YOU to use this logic and REASON & compare it with Bible, vedas and other scriptures... PLease TRY to read QURAN (TheQuranproject online)without being bias.
These people are jealous that they cannot attract/convert anybody from other community.....Islam is the best religion....one Allah....one prophet...thank Allah--- am a muslim....
these people can sell ramayana and mahabharatha nobody will come to object
These goons are afraid of people finding truth .and leaving the baseless religion....
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