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
The biggest weapon of RSS is spreading lies and hatred. Who can stop that N Bomb?
Oh this big mouth minister from Left, I being a person from Kerala really know truth. CPIM uses their offices and politcians house to store arms. CM Vijayan and this fellow wanted to have special darshan tickets in Sabarimala and when it was shot down.... all this stories
Raid all mosques, churches and temples and check for arms
Bamboo Sticks/ Lathis are not Weapons. Donot get Bogged down. They cannot use weapons to hurt. They just open their mouth and shout
Time for Hindus to take back Kerala and Kashmir.
Chief Minister should order police raids on these arm stores and recover the arms, and install CCTV cameras to monitor the activities round the clock. CM needs to substantiate his allegations with proof. I fully agree with his view that no religious ceremony should take place during any official function, it has no place in secular democracy. Our constitution gives every citizen right to practice religion of his or her choice freely but not at state level. State has no religion.
Here is a Minister for Temples Administration. He defines a temple as a centre for traditions and beliefs. Sorry Comrade , a temple is a place for worship of God. If it is only a place of tradition and faith, there is the danger of it being appropriated by the communist Party, which has both tradition and faith. No temple in Kerala will allow storing of weapons within, may be in its offices or quarters of staff. Is it a plan for the commies to violate the sanctity of the temples?
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