ADCB Starts Criminal Process Against Some People Linked to NMC
- NMC was placed in administration by a U.K. court last week
- NMC uncovered evidence of suspected fraud at hospital operator
NMC was placed in administration by a London court last week.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
Abu Dhabi Commercial Bank PJSC initiated criminal proceedings with the emirate’s attorney general against a number of individuals in relation to NMC Health Group.
The lender, one of the hospital operator’s biggest creditors, said: “This action is consistent with the bank’s objective to protect its interests,” according to a statement to the Abu Dhabi stock exchange on Wednesday. It didn’t name the individuals.