Delhi Police Economic Crimes Wing summoned Nayati Healthcare President Niira Radia over Rs300 crore loan embezzlement case, asking her to join investigations within three days officials said on Tuesday.
It came days after two directors of Nayati Healthcare, Yateesh Wahaal and Sarish Kumar Narula, were arrested along with another person, identified as Rahul Singh, in connection with the case.
Last year, police registered an FIR against Radia and the directors after an orthopedic surgeon, Dr Rajeev Kumar Sharma, filed a complaint against Naarayani Investment Pvt Ltd – the holding company of Nayati Healthcare – and its promoters and directors Radia, her sister Karuna Menon, Narula and Wahaal. They were charged with fraud and embezzlement, among other charges.
A spokesperson for Nayati Healthcare denied the allegations against Radia, saying the FIR was “without merit” and the allegations of hijacking were being reviewed by the company’s board of directors.
According to the FIR, the accused took out loans for two hospitals where Sharma held “key positions” – Nayati Medicity in Gurgaon and VIMHANS in Delhi. Sharma alleged that they deceptively acquired a significant stake in both projects from him through Naarayani Investment Pvt Ltd, later renamed Nayati Healthcare NCR.
Sharma alleged that the accused took out a loan of Rs 300 crore to develop the hospital and then set up “fictitious accounts” to transfer the loan money for personal use.
ACP (EOW) RK Singh said: “After receiving a loan of Rs 312 crore from Yes Bank, a sum of Rs 208 crore was transferred to a bank account in the name of Ahluwalia Construction. After verification, it was found that the account had been opened by Singh. Transfers were authorized by Wahaal and Narula.