The company that administers the administrative custody of NMC Health has taken initial steps towards filing a legal case against Ernst & Young, which is conducting the NMC audit. C, as it seeks to increase the refunds of the Emirates Hospital Group creditors.
According to Arabiyanet, the company specializing in restructuring operations has been running Alvarez & Marsal NMC Health since it came under administrative tutelage in April, months after Turmoil over her finances.
In a report on developments in the administrative guardianship process dated November 6, Alvarez & Marsal said in a report on developments in the administrative guardianship process dated November 6 that it is studying whether action can be taken against individuals and / or Third parties to increase refunds.
Alvarez & Marsal said we had conversations and selected a lead consultant to advise us regarding possible actions and embarked on a legal process to file a lawsuit against the auditors at Ernst & Young by issuing Initial notification of a potential claim.
Ernst & Young confirmed to Reuters that it had received a preliminary notice of a possible claim from the guardians of NMC Health.
she said it would not be appropriate to comment further.
NMC is the largest private sector health service provider in the UAE, operating more than 200 facilities, including hospitals, clinics and pharmacies.
and its collapse this year, which came amid allegations of fraud and the disclosure of hidden debts of more than four billion dollars, caused heavy losses to Emirati and foreign banks and sparked court battles seeking to recover Indebtedness funds.
