NMC Healthcare signed off on cash transfers to firm of founder BR Shetty’s daughter – The National

  • Date: 30-Jun-2020
  • Source: The National
  • Sector:Healthcare
  • Country:UAE
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NMC Healthcare signed off on cash transfers to firm of founder BR Shetty’s daughter – The National

Documents show two requests for payment to Reema Shetty's Just Falafel from NMC Healthcare account

















Reema Shetty, the co-founder of the Foodsters food-truck company. Victor Besa for The National







NMC Healthcare signed off on payments of Dh2 million to a struggling food business set up by the daughter of founder BR Shetty before the hospitals group collapsed with a mountain of debt, The National can reveal.



Documents seen by this newspaper show that the NMC Health subsidiary asked its bank to transfer two payments of Dh1m in 2015 to the company behind the Just Falafel chain of restaurants that was established by Dr Shetty's daughter Reema and her husband Mohamad Bitar.



The first of the payments was requested in July, 2015, four months after Just Falafel closed its four outlets in London after an ambitious global expansion of the fast-food franchise crumbled amid financial problems.



NMC Health went into administration in April this year amid allegations of financial wrongdoing that Mr Shetty has blamed on a small group of former and current executives who he claimed had acted without his knowledge.







BR Shetty, founder and chairman of NMC Health.