Lilavati Hospital, Mumbai has filed complaint with ED against their 7 ex-trustees. It alleged the financial embezzlement exceeding to Rs 1,200 crore. After the Lilavati Hospital Fraud case, LKMM accused them of siphoning off the trust funds by fraudulent investments, kickbacks, and illegal offshore transactions.
The fraud came following a forensic audit that uncovered “large-scale irregularities, manipulation, and siphoning of funds” by the previous administration. Following legal battle, the current trustees had assumed control of the trust and audit was conducts by Chetan Dalal Investigation and Management Services (CDIMS) and ADB & Associates.
Lilavati Hospital Fraud case of over 1200 crores
The audit report of the hospital found illegal investments worth Rs 11.52 crore in companies such as Vesta India and Mayfair Realtors. It allegedly made without proper accounting, fraudulent legal fee payments of Rs 44 crore, misrepresented as legitimate expenses exceed to 1200 crore. It involves illicit dealings and alleged kickbacks with third-party distributors.
It also found the ongoing investigation in Gujarat into the theft of valuables from Lilavati Hospital’s Gujarat facility. Rs 500 crore tax are claimed filed by Income Tax Department in the High Court, challenge disallowed expenses by the former trustees.
Hospital filed a complaint against its 7 ex-trustees
Trust said that Lilavati Hospital Fraud drained charitable resources as funds and donations earmarked for healthcare were diverted. It erodes the public trust by raising concerns over governance and financial accountability in India’s charitable healthcare sector. Prashant Mehta, permanent resident trustee of LKMM, said, “ We are committed to ensure that every rupee mean for patient care and used only for this purpose. The financial mismanagement uncovered is a betrayal of public trust and risk to our hospital.”
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