Sheikh Hamadn award winner Vibhali Shetty honoured with ‘Prathibha Puraskar’ by UAE Bunts

Apr 12: The board and management of troubled NMC Healthcare should be held accountable for the financial irregularities, said Abdulaziz Al Ghurair, chairman of the UAE Banks Federation.

"Banks have dealt with the exposure professionally and they lent to a company which was listed on FTSE-100 index with world-class regulator and the world's largest audit firm doing their audit. Even if they present their balance sheet today, people will still lend to them. This is a world-class fraud and the management and board members should be held accountable. We should have a different track to handle this company. It is not a normal track that we can go," Al Ghurair said during a virtual press conference on Sunday.

It is estimated that the more than 80 local, regional and international banks have exposure to healthcare firm. The UAE bourses had asked all the listed companies in the UAE to announce their exposure. The UAE banks last week announced nearly Dh10 billion exposure to NMC Healthcare, which is owned by the billionaire BR Shetty.

Abu Dhabi Commercial Bank has the highest exposure to NMC at Dh3 billion. Dubai Islamic Bank and its subsidiary Noor Bank announced Dh2 billion exposure while Emirates NBD and its Shariah-compliant unit Emirates Islamic Bank revealed Dh747.34 million exposure. Ajman Bank has Dh151.8 million while Al Salam Bank pegged its exposure at Dh161.5 million. All these lenders revealed their exposure for the first time on Sunday.

Abu Dhabi Islamic Bank said it had extended Dh1.07 billion in financing to NMC Healthcare, and an additional Dh113.67 million exposure to Islamic bonds issued by NMC.National Bank of Fujairah pegged its exposure to NMC at Dh289.1 million, while Sharjah-based United Arab Bank said its exposure was Dh135.3 million.

NMC recently revised its debt position to $6.6 billion, well above earlier estimates.

London's High Court last week placed hospital operator NMC Health into administration, on the application of Abu Dhabi Commercial Bank.

"I know leading bank in UAE have already legal guardian of the company so now management cannot hide anything. The new team will manage and discover what happened," said Al Ghurair.

In a humanitarian gesture to help fellow citizens in distress, the first in the series of chartered 
flights arranged by Thumbay Group, UAE and the Bearys Cultural Forum (BCF) Trust, 
Mangalore to repatriate stranded Kannadigas in the UAE took off from Ras Al Khaimah 
International Airport in the wee hours of 21st July 2020. The flight was fully occupied, with 186 passengers, all of them desperate to fly back to India for various reasons.

The initiative was conceived and implemented under the leadership of Dr. Thumbay Moideen - Founder President of Thumbay Group & Founder Patron of BCF and Dr. B K Yusuf, the 
President of BCF. The flight was organized on a purely charitable basis, with all necessary 
steps and precautions in place to ensure the safety and comfort of passengers. Thumbay Group assigned its fleet of buses to transport the passengers free of charge from their residences in Dubai, Sharjah and Ajman to the airport. The organizers also provided free meals and refreshments to the passengers, in addition to PPE kits and face-shields distributed free of 
charges.

The passengers on the first flight included many elderly individuals, people with serious 
illnesses like heart-related health issues and diabetes, pregnant ladies and little children as well as people who had lost their jobs and those with expired visas. Dr. B K Yusuf – BCF President, Dr. Kaup Mohammed - BCF General Secretary, other office bearers of BCF, as well as Thumbay Group’s representatives Mr. Farhad C – Director of the Hospitality Division of 
Thumbay Group and Engr. Farwaz P. C. – COO of the Construction Division were present at 
the airport to see off the first group of passengers.

Commenting on the initiative, Dr. Thumbay Moideen said, “This joint initiative of Thumbay 
Group and BCF is to support our fellow Kannadigas desperate to fly back home. We are happy that we have been able to reach out to many of them, to help them fly home to their families. We thank the Governments of the UAE and India, and the Indian Consulate, Dubai, for their support in making this happen. In the coming days, many more stranded Kannadigas would be repatriated under this joint initiative.”
Dr. B K Yusuf thanked Dr. Thumbay Moideen and the office-bearers and members of BCF for 
their efforts to make the initiative a success.

“We are proud that this initiative has brought relief to many Kannadigas and their families today. BCF is grateful to Thumbay Group for its support and partnership for all our humanitarian programs for the support of the needy.”

Dr. Kaup Mohammed said that it was a matter of pride that the much-awaited Thumbay-BCF 
repatriation flight had been carried out successfully. “Measures have been taken to ensure the safety of the flight and its passengers throughout the journey,” he said. He also thanked all the social organizations including Bhatkal Jamath, BCCI, BWF, KCF, DKSC, Kodagu Kannadigas, 
Kannadiga Help Line, Dubai Konkans and KSS, for their support. He specially thanked Mr. 
Syed Hassan Razeen, the owner of ARISTOCRAT Travels for his support in the ticketing, 
boarding and related processes. On behalf of Milano Optics Group and Maxcare, free gift 
hampers were distributed to selected passengers.

The passengers were received at Mangalore airport under the leadership of Mr. Mumtaz Ali - patron of BCF and other distinguished personalities of Mangalore including Mr. Moidin Bava - former MLA, Mr U. T. Ifthikhar, Mr. S. M. R Rashid - President of BCCI central committee and many others. The passengers were transferred to the hotels where they had registered for the mandatory quarantine.

The second flight under this joint initiative is scheduled to take-off from Ras Al Khaimah airport to Mangalore on 24th July 2020. A few more similar repatriation flights are to soon follow, in the coming weeks.

Bengaluru, Mar 13: Health Minister B Sriramulu on Thursday assured the House that the state government will recruit doctors in all Primary Health Centres across the state through direct recruitment by the end of April this year.

The minister was answering MLA A T Ramaswamy, who raised the issue of shortage of doctors on Thursday. Sriramulu said there are 2,359 primary health centres in Karnataka, of which 1,432 centres have permanent doctors, 436 have doctors on contract basis, 236 have Ayush doctors, 55 have doctors who work under rural service, and the rest work on contract basis under the National Health Mission.

Chief Minister B S Yediyurappa, who had recently directed ministers to cancel KPSC recruitment and go for direct recruitment, expressed his anger  as it hasn’t been implemented even now. Sriramulu said, “I have directed the concerned District health officer to take action and go for direct recruitment. It will be done by end of April.”

He also said he is aware of the difference in salary between doctors working under the health department and those working under the medical education department. “This will also be rectified,’’ he assured.

Meanwhile, Sriramulu said that a hospital that he had inaugurated recently in Mysuru, has been shut due to the lack of doctors and furniture. “This will be sorted out soon,’’ he assured.