Nmc Health Share Discussion Threads

[farrugia] 17/3/2020 07:25

this is a zero now - this is fraud to the highest magnitude - directors' personal assets need to be confiscated and them put in jail where they belong! See what is happening at Finablr!

[dragonheart1] 16/3/2020 22:25

Re: 13th March RNS

Meanwhile this happened!
———;——̵2;——R12;——212;——-

Dear Sir/Madam,

We refer to your email of 16 March 2020 setting out your complaint as to FTSE Russell using the OTC Depository Receipt price of NMC Health PLC (UK) (“NMC Health”) to determine where NMC Health would appear in FTSE indexes in future. We write to confirm that FTSE Russell does not propose, and does not intend, to do this.

Pursuant to the FTSE Russell notice of 4 March 2020, FTSE Russell advised that NMC Health fell out of the prescribed eligibility criteria for the FTSE 100 based on its (LSE) last exchange traded price, and accordingly would be included in the FTSE 250. This determination was made in accordance with the published ground rules which govern the FTSE UK Index Series:
hxxps://research.ftserussell.com/products/downloads/FTSE_UK_Index_Series.pdf.

FTSE Russell subsequently issued a notice of 13 March 2020 which confirmed that if and when NMC Health resumes trading, it will be removed from the FTSE 100 and included in the FTSE 250 at its (LSE) last exchange traded price. NMC Health will continue to be monitored in accordance with FTSE Russell’s published Suspended Companies' rules: hxxps://research.ftserussell.com/products/downloads/Corporate_Actions_and_Events_Guide.pdf.
At no point will the OTC Depository Receipt price be used to evaluate index membership within the FTSE UK index series.

We hope this response provides you with some important background and additional context which addresses your concerns.

If you require any further details, please do not hesitate to contact us.

[dragonheart1] 16/3/2020 22:24

Feb salaries were already paid more than a week ago!!

[nael2020] 16/3/2020 20:35

NMC ADR 75% up

[karateboy] 16/3/2020 19:19

Interesting to read that Indian business men borrowed money from UAE banks with intention of not paying them back, then they go back to India as India had no reciprocal arrangement until now. Dr Shetty how is your urgent family ? Wasn't this the reason you disappeared to India!! When are you coming back?

[nael2020] 16/3/2020 18:37

UAE banks headed for India to recover Rs 50,000 crore

[nael2020] 16/3/2020 18:15

In anther way dont worry as long as there are Emirati sheikhs involved in the matter , in addition to that to the global financial investment groups.

[nael2020] 16/3/2020 18:08

Remember I have told you the UAE authority they will take action and interfere in one way or other to maintain their economic, investments and their image
Iam telling you again that NMC will be repossessed by the UAE authority later on

[karateboy] 16/3/2020 16:40

All Feb salaries are paid now.

[jasonblue66] 16/3/2020 16:16

Let's see what happens...

[urbanvoltage] 16/3/2020 16:10

50000 crores (or 5000000 lakhs) is equal to 6,780,000,000 USD. The lines of confiscation are open.

[jasonblue66] 16/3/2020 15:51

https://economictimes.indiatimes.com/industry/banking/finance/banking/uae-banks-headed-for-india-to-recover-rs-50000-crore/articleshow/74019520.cms?from=mdrUAE banks follow money to India , above link shows he can't hide....hopefully

[hsdeo] 16/3/2020 15:38

does anyone know if the Feb salary has been fully paid. Was going to complete today

[urbanvoltage] 16/3/2020 15:18

I think all their assets have already been frozen.

3.80 USD +1.80 (90.00%).....the adults are in the room.

[jasonblue66] 16/3/2020 14:38

They should suspend all his companies holdings investigate on how each company is run.

[karateboy] 16/3/2020 14:33

IT is not suspected fraud . It is a massive fraud orchestrated from day 1 by Dr Shetty and his crooks. Single handedly destroyed two companies and UAE image . I wonder if the next RNS is going to confirm money laundering in a massive scale. I am surprised FCA hasn't asked SFO to investigate DrShetty organisation and finance arrangements. I am following him all the way to prison!

[nael2020] 16/3/2020 12:38

hxxps://www.cpifinancial.net/wealth/news/nmc-health-review-shows-evidence-of-suspected-fraud.
NMC Health review shows evidence of suspected fraud

[goliard] 16/3/2020 12:11

I wonder who paid for the state of the art hospital in Kerala, India owned by NMC... oh no, sorry, owned by the CEO of NMC... damn, sorry again, the EX CEO on NMC and his brother who is the CEO of another Shetty company...oops, no sorry, ex CEO cos he got fired too and their family and with no conflict of interest at all.

[urbanvoltage] 16/3/2020 12:03

According to a banker associated with both NMC Health and Finablr, “It was never likely that such discrepancies were confined to one entity. The only way forward for both companies is to begin with a new slate. The process has already started at NMC Health."

[urbanvoltage] 16/3/2020 12:01

Cleaning up of the Finablr slate has started - with the stepping down of Finablr’s CEO, Promoth Manghat on Monday. Earlier, his brother, Prasanth Manghat, was fired as CEO at NMC Health, (well before the $2.7 billion in debts came to light). Incidentally, the brothers and their immediate family own and operate a state-of-the art hospital in the south Indian state of Kerala. It was opened last year.

[smartie6] 16/3/2020 11:42

Shxt. They’re worthless?

[urbanvoltage] 16/3/2020 11:40

Proceeds of serious crime

Is an investigation to identify, trace and freeze proceeds automatically initiated when certain serious crimes are detected? If not, what triggers an investigation?

There is no automatic investigation to identify, trace and freeze proceeds in respect of any specific crimes. However, all financial institutions have a duty to report any offences or suspicious transactions that come to their knowledge to the Anti-Money Laundering and Suspicious Cases Unit of the UAE Central Bank, which is the financial intelligence unit for the UAE. The Central Bank may undertake administrative measures against the offender’s assets before forwarding the matter to the public prosecutor.

In respect of offences that do not pass through the Central Bank, the public prosecutor will determine the need for an investigation into the proceeds of crime on a case-by-case basis.

Confiscation – legal framework

Describe the legal framework in relation to confiscation of the proceeds of crime, including how the benefit figure is calculated.

The Federal Penal Code gives the court discretion, upon pronouncing judgment, to confiscate ‘the things caught and connected with’ the offence ‘without prejudice to the rights of any bona fide third party’. The concept of a ‘benefit figure’ is not applied in the UAE and there is, therefore, no mechanism in the law for determining such a figure. Confiscation in the context of UAE law relates to the direct proceeds of an offence and the articles used in its commission.

Confiscation procedure

Describe how confiscation works in practice.

When settling amounts due to the government, such as fines, the public prosecutor must, prior to execution, notify the convicted defendant of the aggregate of these amounts, unless they are assessed in the judgment.

In order to establish what assets are available, the public prosecutor may make enquiries with all bodies that may have assets relating to the defendant (eg, banks or the Land Department). These bodies are obliged to respond to the public prosecutor or risk being charged with obstruction of justice. According to their responses, the public prosecutor may proceed with execution on identified assets.

Agencies

What agencies are responsible for tracing and confiscating the proceeds of crime in your jurisdiction?

The public prosecutor is responsible for tracing and confiscating the proceeds of crime, with the assistance of any other body it deems appropriate, such as the Central Bank or other financial institutions.

[nael2020] 16/3/2020 11:13

Sartie-6, please be careful when you take your dose because its a shame you die from over does not from corona virus, but dont worry because corona virus just kill nice good people not the junkies

[nael2020] 16/3/2020 11:11

Is my fault as well because your mom has got some body as junkie as you ???

[nael2020] 16/3/2020 11:07

Smartie-6, Always after you finish your comments , please make sure to flush the toilet