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
No muslim will pelt stone to mosques. Then who else???
I wont think that KN govt will control those media. especially siddaramaiah govt. They are always giving preferences to Mulsims
I can strongly say that many of the issues worsening because of biased medias. They are propagating their ideology. Karnataka govt should control that.
Police should act fast and effectively. Should use commandos if needed
Guilty people should get arrested
Mr. Althaf. Did those people written and kept we are Hindus..? I too saw video. From low resolution video how to came to know that he is those people are Hindus. I know many Muslims who does not like many of your rules and rigidity.
honnavara is burning, chickmangalore is in boil, Hunsur suppose to burn! but the communal goons roam free, and we say secular govt, is in power! vote devide bla bla bla!!!! jus wake up and see the realities!!
The policemen belongs to CongRSS party which is ruling Karnataka..
I saw one video in that hindus are pelting stone at mosques and piolice personel are watching this without taking any action. Infront of police Hindu guys are destroying public properties and police is watching the show. Shame on police. How can people trust this police?? Who will save muslim properties and mosques?
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