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
Kumar!! Shut up!! Don't blame his parents, and exactly nobody know what took place there..
Rider must have controlled the bike... So it depends on rider, how he rides..., imagine how hurted parents are? Instead blaming them...
And think twice before you type sh*t
Dear Mr. Kumar, your comment reflects your immaturity, lack of understanding of the situation and although I'm sure your intentions were at the right place. I would like to tell you that the deceased and both the parents were not fools. Only you seem like a fool here for that insensitive comment. I hope no harm comes to you and ur loved ones and you are not called a fool for it. I wish you a safe life. Also, I hope you did pray for the departed soul.
Dear Mr Kumar, your comment shows your lack of understanding of the situation. Also the parents were not at fault here. Since you didn't know the person and since the full situation is not given.. I would suggest you would shut up before passing blame or using such words about the deceased person. The person and parents were both not fools. The only fool I see here is you. I suggest you stay safe though. And no harm comes to you. And people not call you a fool after such a tragic incident. Also thank you Mr./mrs.shaji for showing maturity and decency.
Dear Kumar, we cant blame parents. sometimes, they are helpless agaisnt the hard will of their kids. Some boys even say to their parents that they will discontinue study in case their demand is not met. May God bless kids with correct way of life.
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