'Small group of employees' behind fraud at NMC Health | Banking – Gulf News:
Fraudulent bank accounts were created and cheques issued by a "small group of current and former" executives at NMC Health, according to the founder, the Indian billionaire Dr. B.R. Shetty.
The former chairman of the Abu Dhabi headquartered hospital operator said, investigations he commissioned found:
"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. "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."
This is the first time Dr. Shetty, who has been in India for the last two months and more on a family issue, has issued a statement based on investigations he had commissioned. 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.
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| B.R. Shetty is a multi-billionaire non-resident Indian (NRI) who has dedicated a large part of his life building an empire of healthcare facilities and other companies in the country. Forbes set his personal net worth at a whopping $4.2 billion in August 2018.Image Credit: Ahmed Kutty/ Gulf News |
Fraudulent bank accounts were created and cheques issued by a "small group of current and former" executives at NMC Health, according to the founder, the Indian billionaire Dr. B.R. Shetty.
The former chairman of the Abu Dhabi headquartered hospital operator said, investigations he commissioned found:
"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. "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."
This is the first time Dr. Shetty, who has been in India for the last two months and more on a family issue, has issued a statement based on investigations he had commissioned. 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.
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