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
Police busy in protecting cows.....
Saudi Arabia is the peaceful country than Our India. Why?
Because Islamic rule is there.
Exactly jeevan ...they are taught to slit the throat in the name of festival .so their No's are always high in slitting the throat of nation ( anti national activities )...soon. It will back fire ..and also back firing ....Israel showed the model ...Myanmar replicated ....now Americans duplicating it ...we Indians who are proud to say bharat mata ki jai must follow Israelis ...nobody shoeing sympathy for pellet gun attack except sicular and ummah gang ...it shows everything
@jeevan...
My dear we are doing animal slaughter to eat only....
You are also doing human slaughter even today killing women and children and sacrificing for maa kaali and other gods...correct your wrong number first...cow slaughter or eating wa
@ Jeevan # 9
We can say in other words,
Animals are valued over human.
Like you is nt it faizhal Bhai ......haha...enree innu Dana kadilikke hogilva ?
It is now proved that Islamic state ordering killings in Karnataka as they get free hand in khangrace govt ...proud billava youth died becoz of Islamic millitants ....rip charan ....chutiya log ..if they have guts they shud face directly ...not infront of kid ...
Take his wife and auto driver in police custody, truth may come out in a day.
These buggers should never get married.... understand naren and viren
when bajaragdal member killed by some pfi or kfd activists he will became rowdy sheeter. if anything happens ulta, in headline bajrangdal name will pop up
for animal slaughterers its easy to slaughter humans also.
his sin will follow him.
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