Criminal charges filed against individuals connected to NMC Health

  • 4/15/2020
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Abu Dhabi Commercial Bank, a key lender to NMC Health, said on Wednesday it had filed a criminal complaint against a number individuals linked to the hospital operator with the Attorney General in Abu Dhabi. The bank did not name the individuals, but said in a statement that the action was consistent with the objective of protecting its interests. “ADCB confirms that it has initiated criminal legal proceedings with the Attorney General in Abu Dhabi against a number of individuals in relation to NMC Health Group,” it said in a statement. NMC – which recently revised its debt position to $6.6 billion, well above earlier estimates – has seen its stock more than halve in value since December after short-seller Muddy Waters questioned its financial statements. ADCB, which has a $981 million exposure to NMC Health, is among the major UAE lenders who have lent to the hospital operator. Read more: Administrators replace NMC Health board for restructuring process NMC lenders setting up a committee to aid $6.6 billion debt restructure: Sources NMC Health succumbs to creditors, enters into administration اي استفسار أو طلب خاص بخصوص التوظيف يمكنك التواصل مع الابميل التالي – مجير الموقع : alturky28@gmail.com لطلبات التصميم او البرمجة التواصل مع : hamzalaabar@gmail.com

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