NMC Health removes CEO amid investigation of UAE firm’s finances

NMC Health removes CEO amid investigation of UAE firm’s finances

(Reuters) - NMC Health ( NMC.L ) has removed Chief Executive Prasanth Manghat with immediate effect and granted its finance chief extended sick leave, as more details emerge from an investigation into the UAE healthcare firm's finances.. The review is being led by Louis Freeh, who was director of the Federal Bureau of Investigation in the United States from 1993 to mid-2001.. NMC on Wednesday said the investigation committee had identified supply chain financing arrangements that were entered into by the company and "which are understood to have been used" by entities controlled by founder BR Shetty and former vice-chair Khaleefa Butti Omair Yousif Ahmed Al Muhairi..