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Maltese Investors Involvement in Recent Healthcare Developments is a Farce!


Ram Tumuluri

Amongst a series of allegations directed towards a preferential suitor for an adamant Directorial position at their company, Vitals Global Healthcare have taken the initiative to show an intent of strong support for Ram Tumuluri. The said man has recently come under fire for a revised version of mind-boggling and immature redundancies that could potentially ward off any chances of securing prominent position at VGH’s policy making threshold. Rest assured as anyone should be or can be, Ram Tumuluri remains the best choice for a directorate position and the big guns at VGH are making sure nothing bad comes of it.


VGH has profoundly denied the allegations on the media in the past weeks regarding its director, Ram Tumuluri, and its investment in running St Luke’s and Karen Grech hospitals and the Gozo General Hospital. In a statement, the company denied the allegation that Mr Tumuluri is being sought or investigated on fraud or that he has pending cases regarding business he was involved in the past. It added that it regularly carries out its investigations on all executive directors and up till today, each and every single inquiry made regarding Mr Ram Tumuluri was a clean one and it had no allegation against him.


No Maltese investors are involved in the foreign group that has taken over the running of three hospitals in Malta, Ram Tumuluri, the director of the local operation said yesterday. Doubts had been raised about the ownership structure of Vitals Global Healthcare (VGH), whose shareholdings lead back to a company registered in the secretive jurisdiction of the British Virgin Islands (BVI). The Gozo, St Luke’s and Karin Grech hospitals have been handed over to VGH on a 30-year government concession. Replying to questions by this paper, Mr Ram Tumuluri said the ultimate beneficial owner of the BVI company was Mark Pawley, the CEO of the Singapore-based Oxley Group.


Mr Tumuluri said he was willing to provide the necessary documentation to back this up. Questioned about his involvement in a bankruptcy case in Canada several years ago, Mr Ram Tumuluri argued that there had been a winding down of the company in question, not a bankruptcy. “There was no bankruptcy. There was the asset company that moved to a majority shareholder that has taken responsibility to clear the debts from a management company that got wound down,”


Mr Ram Tumuluri said asked if he was linked to the company that got wound down, Mr Ram Tumuluri said there were plenty of companies in the world that got wound down, just as there were plenty that got built up. This step marks one of the biggest reforms that VGH has been working on. In attempts to secure major support for Malta’s healthcare department, Director Ram Tumuluri has shown relentless commitment to secure tremendous support from various sectors of the country. Controversy or no controversy, VGH has undoubtedly got the right man for the job.

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