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Rejecting the allegations as baseless, Nayati Healthcare mentioned it had “duly reported” to the police sure problems with “misappropriation and maliceness” detected in a forensic audit of actions of the earlier administration beneath Dr Rajiv Sharma
The Economic Offence Wing (EOW) of Delhi Police has registered an FIR against Nayati Healthcare’s Niira Radia and 4 others for alleged embezzlement of over ₹300 crore of financial institution loan, following a grievance filed by orthopaedic surgeon Rajiv Sharma from whom they’d acquired two hospitals.
Rejecting the allegations as baseless, Nayati Healthcare mentioned it had “duly reported” to the police sure problems with “misappropriation and maliceness” detected in a forensic audit of actions of the earlier administration beneath Dr Sharma.
Dr Sharma’s OSL Healthcare, which had a hospital in south Delhi and an upcoming facility in Gurgaon, was acquired by means of Naarayani Investment Pvt Ltd and later renamed as Nayati Healthcare NCR.
According to the FIR dated November 4, Mr Sharma has accused Naarayani Investment Pvt Ltd, Niira Radia, Karuna Menon, Satish Narula and Yateesh Wahaal of “cheating, criminal breach of trust, falsification of accounts, fraud, forgery, embezzlement of funds” and different expenses.
Police sources mentioned all the fees are topic to investigation as of now.
In his grievance, Dr Sharma has alleged that Naarayani had borrowed greater than ₹600 crore from numerous sources, together with DHFL, and invested ₹311 crore for buying a majority stake in Nayati Healthcare NCR.
After taking up administration of the brand new entity, Naarayani and the 4 people acquired a loan of ₹300 crore from Yes Bank for the event of a Gurgaon hospital, however as a substitute, they siphoned off and embezzled the loan quantity utilizing fictitious transactions, Dr Sharma alleged.
He additional alleged that the accused additionally borrowed ₹60 crore from Yes Bank for one other hospital venture, however embezzled that fund as properly.
Dr Sharma additionally alleged that the 5 accused wrongfully introduced down his stake in Nayati Healthcare NCR from 49% to six.3% in lower than a 12 months and elevated their very own stake to 93.7%.
‘Baseless’
When contacted, a Nayati Healthcare spokesperson mentioned, “The FIR is baseless and the allegations of Dr Sharma are also baseless.”
The spokesperson additional mentioned, “Dr Sharma being a member of the board was a party and signatory to all the actions of the company. Due to differences that arose pursuant to conducting of a forensic audit of the activities of the previous management under Dr Sharma, certain issues of misappropriation and malicenses came to light.”
“These issues were taken up with Dr Sharma and was duly reported to the police in the form of a complaint,” it mentioned.
The spokesperson additionally mentioned, “Nayati Healthcare NCR remains committed to cooperating with investigations and reposes its full faith in the investigating agency. All evidence of the forensic audit that demonstrates act of misappropriation by Dr Sharma has been provided to the police.”
Nayati Healthcare, arrange a number of years in the past by PR consultant-turned-entrepreneur Radia, had in 2018 introduced acquisition of 51% stake in OSL Healthcare, which was at the moment headed by Dr. Sharma.
Nayati additionally has different hospitals together with in Mathura and Agra.
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