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NMC Health fires chief after finding bank discrepancies

February 27
05:04 2020

NMC Health, the beleaguered FTSE 100 healthcare provider, has fired its chief executive, suspended a member of its treasury team and granted “extended sick leave” to its chief financial officer after finding discrepancies in its bank statements. The announcements from NMC came on Wednesday evening after an independent review into the company led by former FBI director Louis Freeh presented its interim findings to the board. The company has been hit by a series of embarrassing disclosures since short seller Muddy Waters raised “serious doubt” over the group’s finances in December, with questions over reported asset values, cash, profits and debt.

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