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
Madam, please remove the zero which you added by mistake.
one bachali is telling central investigation agency also working anthe ... papa enu madakke agalla .. madrasa training effect .. tale odedare naalku akshara iralla ivakke 4 illi , mele 72 reserve bere ... hahaha ... sadya mossad hesaru helalilla ... hoganna kabbadii adu hogu ... fish sales mugididre ... hahaha
Nobody can stop us from grabbing the power , we will show the mighty power when election is nearing it ... shobakka no need to reveal . it is done we will get 150 at any cost ... permanently we should send the khangrace to their home .. becoz jihadists are using it as cover .
Pokkade?
At least Start Master Bhagawat Programme to produce more than 10kids, get marry more than one, Shobakka why are you not Co operating with your Great leaders request, now you looks like 50's above can not produce more at least try your level best to do something for Master Bhagath's request do not Bark Fate of Kannadigas now!!!!!! we will see when battle starts, Till then you co ordinate your Criminal RSS Sabb.
Jai Hind.
Jai Hoo Modianna
Jai Hoo Siddanna.
keep dreaming everyday!!! utter loss this year.
shobakka, the central intelligence agency is working for bjp rss and vhp.
people will decide who will come to power....
I think shoba had a bad dream last night... Come on Shoba Wake up wake up.. Stop dreaming and get back to some work.
What a Joke, Shobakka should join Comedy Circus.Thank god she did not mention Yeddy as C.M and akka as Deputy C.M.
Shobha learnt Jothishya Shastra?
Dil ke behlane ko Ghalib, ye khayal accha hain.
HA ha ha ha ha ha ha
\DREAM GIRL\""
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