NMC Health PLC | Financial Times

Friday, 6 November, 2020

EY faces £1bn lawsuit over audit work for NMC Health

Collapsed healthcare group’s administrators prepare to sue Big Four firm for negligence

Sunday, 27 September, 2020

Health Care

NMC placed into administration in UAE

Hospital group wards off debt-claim enforcement to allow it to remain open as virus surges in Gulf

Monday, 10 August, 2020

LexFinancial fraud

NMC/fake invoices: fraud fret Premium

Recessions tend to do a good job of uncovering scams

Monday, 10 August, 2020

False invoices at centre of new NMC probe

Forged documents relating to purported medicine sales claimed to underpin fraudulent debt raising

Thursday, 23 July, 2020

Dubai court freezes NMC founder Shetty’s assets

Injunction follows latest creditor move to recover funds from collapsed hospital operator

Thursday, 16 July, 2020

EY warned NMC Health over bank account inconsistencies

Auditors found that debt owed by founder BR Shetty was wrongly assigned to the hospital operator

Monday, 8 June, 2020

News in-depthAccountancy

EY fights fires on three audit cases that threaten its global reputation

Accountant’s role with Dubai gold company, NMC Health and Wirecard put its controls under scrutiny

Tuesday, 19 May, 2020

Indian court freezes assets of NMC Health founder

Bank of Baroda seeks to recover $250m after collapse of UAE’s largest healthcare provider

Wednesday, 6 May, 2020

Explainer

NMC Health collapse leaves battle lines drawn

Scandal at former FTSE 100 company has damaged reputations of London and the UAE

Promoted Content

Monday, 4 May, 2020

Watchdog investigates EY audit of NMC Health

Accountancy firm dragged into FRC’s probe of healthcare chain’s financial statements

Monday, 4 May, 2020

Fund management

SoftBank-backed Greensill suffers raft of client defaults

London-based group arranged financing for NMC Health, BrightHouse and Agritrade

Wednesday, 29 April, 2020

NMC founder blames executives for suspected fraud

Indian entrepreneur claims a small group of executives were involved at the hospital group

Friday, 17 April, 2020

Special ReportConsulting in Emerging Markets

NMC scandal proves a boon for global advisers

The UAE-based healthcare group’s troubles have amplified concerns about local regulators

Wednesday, 15 April, 2020

NMC creditor files criminal complaint

Various managers and shareholders accused of fraud and forgery

Wednesday, 15 April, 2020

NMC default sparked February sell-off

Repayment demand exacerbated pressure on healthcare group weeks before it was placed in administration

Tuesday, 14 April, 2020

LombardJonathan Ford

Ailing NMC kept alive during Covid crisis but scandal needs resolving

Lenders keep UAE hospital group on life support; Mondi uses free pass from shareholders to pull dividend

Monday, 13 April, 2020

NMC administrators seek to assure UAE medical staff

Hospitals run by the former FTSE 100 company are tackling the coronavirus outbreak

Thursday, 9 April, 2020

NMC Health goes into administration

Judge says ‘something had gone very wrong’ with oversight at former FTSE 100 group

Wednesday, 8 April, 2020

NMC expects administration as it fails to win creditors’ backing

Former FTSE 100 group has been in turmoil over its financial arrangements for months

Saturday, 4 April, 2020

NMC creditor applies to UK court to bring in administrators

Abu Dhabi Commercial Bank cites healthcare group’s debt defaults

Tuesday, 24 March, 2020

NMC Health discovers further $1.2bn of undisclosed debt

Liabilities balloon at former FTSE 100 group with suspected fraud in its finances

Thursday, 12 March, 2020

The FT ViewThe editorial board

Fall of NMC Health risks clouding London market

Regulators have been too slow to act over scandal at FTSE 100 group

Thursday, 12 March, 2020

NMC Health finds evidence of suspected fraud in its finances

Middle East-focused group’s discovery follows revelations over undisclosed debt

Wednesday, 11 March, 2020

Lombard

An ebbing tide exposes a rising number of corporate bloopers

Sloppy housekeeping, soaring debt and spendthrift ways were easier to ignore in a stronger market

Tuesday, 10 March, 2020

NMC Health discovers almost $3bn of debt hidden from its board

Middle Eastern-focused healthcare group said debt was used for unknown purposes

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