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
I am ashamed to say that i too had the brown chaddi..attitude. but i changed yself nd left the group as they were no different from the touble makers around..i also ask my hindu brothers to give off their ideoloogy and support to such mass murderers and take the route of friendhsip within our community and with hindus and muslims...
just keep all these third classs people away.. they are a posion and menace to the society
To maintain peace in mangalore first thing she should do is to arrest all the chaddi terrorists and all the leaders of BD, RSS, RS etc who always trying to disturb the peace. If she control these anti national elements then our kudla will be peaceful.
Note: Manglore is peaceful only because of PFI and SDPI. If these two organisations were not in mangalore then Chaddi terrorists would have destroyed the name of mangalore.
I dont think so a lady cop can control crimes.. especially in mangalore
Dont favour Muslims much. SDPI, PFI are the trouble makers in Mangalore
Cheddi people are the biggest threat and should control them. Then Mangaluru will be peaceful city
Hope you can serve better and crimes under control
Congrats... all the best
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