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
Must be somebody from the HJV killed him to make it look like suicide. are the police investigating. All unnatural deaths should be properly checked.
Brother Manish #1
You have Mistaken What is the use of Organisation when Almighty Allah is not with them.
Learn Islam before its too late.
Naren and viren are busy with preparing CD/video to misuse this situation to frame some innocent people and trap them with Gooswami.
Our nationalist peddu naren is commenting on other news but he is not here with his brother? thats so sad when someone needs condolence he is not here... thats a shame for him and his HJV or HIV
Hi.. your goggles are super!!! how much u paid? now who using them?
Sad to know that there are people who celebrate the untimely death of a youth. #RIP humanity.
RIP, Any way great job, this is the lesson for youth of bajarangi what happens if cancer is in your mind
Entire organisation would be with you if you attacked Muslims or Christians. I bet if you consulted minorities regarding your problem you would be alive today.. RIP.. We know one to blame but what HJV are doing with minorities entire country knows.. And don't forget Manish... God is above any organisation..
And this kind of people lead organizations.....come on.....bhudhanaazhcha ka nahee to kyaa public ka
Feenari........
Madidunno maraya!!
I don't agree with Manish's comments
Had your entire organisation was with him this wouldn't have happened
All such org only uses such youths and make public bakra
RIP brother. You took a wrong step when entire organisation was with you.
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