EY in trouble for audit failure of NMC Health: Faces £2 Billion lawsuit

• One of the world’s top audit firms, EY, is being sued for £2 billion over its alleged failure to spot glaring red flags in NMC Health’s books from 2012 to 2018.
• We’re talking about billions in hidden debt, secret bank accounts, and fake financials — all signed off by EY….For six straight years! 
• Now EY claims it was “fooled” by a few rogue executives.
• If that’s true — what exactly is the Big Four auditing?

So…Who exactly is NMC Health?

NMC Health was founded by billionaire B.R. Shetty in 1974.

What started as a humble clinic in the UAE became a healthcare behemoth — spanning the Middle East, Europe, and South America.