August 12, 2020
The Financial Times reported on August 10, 2020, that more than one related party (controlled entities by NMC founder BR Shetty) obtained bank loans fraudulently and funneled these loans to NMC Health.
We hope that the ongoing investigation shall reveal how the banks approved those loans. We are afraid that several of the involved banks had been negligent or grossly negligent.
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News, analysis and comment from the Financial Times, the worldʼs leading global business publication
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We reported on the NMC Health scandal earlier this year. For more information about this shameful scandal, read NMC Health Plc: Shameful Financial Disgrace and NMC Health Plc: Who Defrauded Whom?
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NMC Health PLC | Financial Times
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
www.ft.com
