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
I think kateel had good new year celebration along with mithun rai.... free alcohol was supplied by mithun rai.....what you say guys????? lagta hai daaru kuch bohat hi zyaada hogayi thi raat me....daaru ka nasha utra nahi hoga....isliye agle din subah aake kateel ne apni dil ki baat keh di.....wo kehte hai na daaru ke nashe me aadmi ke muh se sach nikalta hai
Think twice before u speak, is a famous dialogue which clearly suits Nalini Kumari Kateel.. Mike mila tho pagal bhi gaane lagta hey,,
He is not fit for MP.......should be removed.....
Nalin is lying that he was not well. He uttered what bjp and sanghis have planned. Nothing can be hidden for a long time. this is hidden agenda of sanghis to create trouble in karnataka and costal districts in particular. Police should arrest him under goonda act. He should be removed from MP post as he is unfit for this responsible position. Suprement Court should order central Govt to take notice of this dangerous statement from an MP and remove him from this post. In case Nalin is mentally sick, admit him in a mental hospital.
for instance if this was happened from one of our muslim brother, what would be the reaction and action from these sanghis????? even from chaddi police dept......
ha now we came to know that you are bad mental mp of our dk dist. shame on you. you must resign immediately.
New year night \ raathre paad dina onchooru jaasthiathund\" - mallajjappa powad.
Ancha namma modi 15 lakh niklena bank gu paadwe panthijja..... Anchane indula..
Thoo paadare inbe daane lankeda hanumanthena?"
Hahaha...pukkele...
Typical coward sanghi...
The nation wants to know whether you are really not well or the frog inside well?
No need to give clarification just put this man behind bars. Useless MP
Pradeepji, NOT Wenlock, Kankanady Permanently.
Such goondas are fit to be encountered ....
Yes true he is not well... this all unstable people belongs to BJP/RSS, They dont know what they are speaking after all, all are the followers of chaiwala, what we can expect from this RSS goondas...this marle minister even dont know to speak in parliment, he drinks spit twice before he delivers a word
If he is unwell, admit him to Wenlock
This is the fact and sanghis real mentality. Now he may accept his threatening to set fire his own constituency, message is out in public.
Every anti-national will say the same thing when press conference even Thogadia....Shame on you as a MP of our beloved Dakshina Kannada. Did the people elect you to disturb the area & set fire .. Thooo ninna....
Anna kadle baipinanda thoo malpode, E thoo malpu bokk kadle baipundu.....
why didnt police arrest him, he is enticing people to create violence, why no suo motto on him.
such people should be booked under goonda act
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