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
Viren Kotian,
Kumar,
Yogesh,
Danish.
George
Shiva
Naren,
Please guys, U guys with all worldly intelligence look like FOOLISH... Dont jump to name an innocent as Terrorist...
Think before YOU blame others
Only U wake up when it happens to you or your own families .
When some is blaming without PROOF ... They are called FOOLS and HYPOCRITE.
Please next time use your God given intellectual and VERIFY before you jump like MONKEYs...
This guy is proved innocent and you guys are proving us that WE can make U dance with any news that is presented to YOU Guys cos U guys never USE your intellect to VERIFY what is Said...THINK and PONDER.
Naren Kotian ......if you need the proof, pls visit the Bhatkal police station and find out who placed the meat bag in NAGABANA to create disturbances ..... this Bastard terrorist should be nakedly hanged.....
wow superb ... third rated jihadist ... hang this bastard ... mostly he arranged passports for islamic state or ISI porkis to conduct bomb blast ... rikacha sumne koorappa, jaathi buddi yelli bidtheera .. we are seeing how your community is doing , proof beka .. proof kotru neev accept madalla .. so waste .. burnol kodla rikacha ?hahahaha
Also arrest the officials who issued him those passports......they are the sponsors of these terrorists.....where are the officers who made his verification.....don't let people laugh at our passport agencies and government.
Do not count chickens before they are hatched? It is normal that painting Muslims with anti nationals and terrorists etc.....
Super and timely catch... Now Amnesty international will start fighting for this anti national's rights. We should make sure he does not escape.
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