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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be ready to go again to JAIL.
If Yeddi becomes CM once again (People of Dakshina Kannada still remember) to support attack on Churches and Pubs, as before which his party likes !!!
Open Dhamki to Police..Super Yedi ji. Police When they stop public for small offense dey dont know how to behave. Now what will dey do to Yeddi's Dhamki ? Police Force Please Wake up.Tumari tho Laga dega Yeddi Jii. Full Confident on being CM. Guess who will be Deputy CM ? At this age he wants to be CM.
Keep dreaming OK ?
Hello Mungerilal your cm dream is like Thirukana Kanasu. Be mature and talk like a qualified poloiticIan. Police dept are honest with their duty. If you became CM Law and order and Indian Constitution is equal to all. You RSS have to bend in front Indian Constituton. We all experienced your dirty mind and capacity during your past ruling. Karnataka is not belongs to any desk drohi it is belong to qualified patriot Indians. Your rss policy will never work out. Only because of nagpur hq money power u may able to get some goonda rowdy's support.
Stop your nonsense .
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