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
All these celebrations started from fatimaid era in Eygpt which belongs to shia sects and then spread to sunni lands which was implemented by the governor of iraq 600 years after Prophet passed away. I request those who celebrate this birthday to READ IQRA read read about the seerah of Prophet Muhammad by yourself.. U will know the REAL LOVE to follow prophet Muhammad Pbuh.
Islamic scriptures do not support any kind of birth day celebration as part of islamic rites... people should avoid these waste expences & energies instead utilize it to promote values of prophet's teachings.
Is it permitted in Islam to celebrate B’day?
Did Prophet (pbuh) celebrate his B’day?
If B’day celebration is permitted in Islam then why did prophet(pbuh) not celebrate his or his parents or his wives or his children B’day?
Where is it told in Quran or Teaching of prophet(pbuh) that color green represents Islam?
thats horibble!! but is it real or whats app/facebook news..any links
Maa shaa Allah
Great. Real visual treat
Usually on this day some kasargod fools wear pakistan military dresses and do march
Eid Milad
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