ADCB files criminal complaint against individuals over NMC Health

ADCB files criminal complaint against individuals over NMC Health

DUBAI (Reuters) - Abu Dhabi Commercial Bank ( ADCB.AD ) said on Wednesday it had begun criminal proceedings in Abu Dhabi against an unspecified number of individuals in relation to hospital operator NMC Health ( NMC.L ), which was placed in administration last week.. NMC Health was founded in the mid-1970s by BR Shetty who built it into the largest private healthcare company in the United Arab Emirates.. Shares in NMC Health have been suspended since late February.. Credit rating agency S&P downgraded NMC Health's rating to 'D' from CCC because the company had missed interest payments and was placed under administration..