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  "documentTitle": "NMC Health plc (NMC.LN)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-12-17 00:00:00",
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  "notes": "The slide presents evidence of a potential shell company or proxy ownership structure linked to BR Shetty.",
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      "text": "NMC's Head of Procurement is named Pradeep Rai. A former NMC hospital manager told us that Mr. Rai runs Modular Concepts for his boss, BR Shetty, who is the de facto owner of Modular Concepts.",
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      "text": "The shareholder register for Modular Concepts LLC shows that the company is 30% owned by one “Kukinadi Pradeep Kumar Rai”. NMC’s Head of Procurement is named Pradeep Rai. A former NMC hospital manager told us that Mr. Rai runs Modular Concepts for his boss, BR Shetty, who is the de facto owner of Modular Concepts. Our investigators also spoke to a well-placed source in the Indian expatriate community in Dubai who told them that Pradeep Rai, in addition to being a long-serving confidante of BR Shetty’s, is a non-blood relative of the Shetty family.",
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      "text": "Modular Concepts’ main Dubai office also sits in the UAE Exchange Building, which is named after a key subsidiary of Shetty-controlled Finablr.",
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      "text": "Footnotes 8, 9, 10, 11",
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      "text": "History, C.R. No., Trade Licence No., DCCI Membership No., Federal Registry No., VAT No., Authorised Capital, Paid up Capital, Shareholders list with percentages.",
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