Landslide delays Bengaluru-Mangaluru train by 9 hrs

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.

Bengaluru, July 17: An infant with heart-related complications died after 10 private hospitals in the city allegedly refused to admit him over coronavirus fears.

In search of a hospital to treat his one-month-old child, the helpless father drove around for 200km in the city. The child breathes its last after suffering for 36 hours.

The infant’s health worsened around 11am on Sunday. “A doctor from a nearby clinic visited our house and said the baby had heart-related issues. As advised, we decided to shift the child to a private hospital,” the father said. The family lives in Basaveshwaranagar.

The parents went to several private hospitals, but in vain. “We visited hospitals in Bavaveshwaranagar, Chord Road, Sheshadripuram, Goraguntepalya and Yeshwanthpur. None of them agreed to treat our baby, and we returned home at night,” the father said. 

“On Monday morning, we started the journey again. This time, we went to a hospital near Jayadeva flyover. We were driving near Marathahalli when our child stopped breathing. We rushed to a nearby private hospital, where doctors declared him brought dead,” he said.

Bengaluru, Mar 2: The Karnataka Department of Public Instruction has directed the School heads across the State to grant leave to students and staff suffering from fever, cold, cough and other respiratory infections.

As precautionary measure following the COVID-19 (known as coronavirus) outbreak at the global level, the department issued a circular in this regard here on Monday.

If any student, teacher or staff is suffering from respiratory infections, they should be granted leave. They should be allowed to come back to school only after confirming from the doctor that they are cured, the circular added.