EY labels former head of EY Abu Dhabi a 'fraudster' in £2.7bn legal battle

EY faces $2.7bn lawsuit over alleged audit failures

Auditing giant EY is being sued for approximately £2bn ($2.7bn) by the main shareholders of United Arab Emirates (UAE) hospital operator NMC Health, Reuters reported. The 12-week trial at the High Court in London on 19 May 2025, centres on allegations that EY’s audits from 2012 to 2018 were negligent, failing to uncover significant unreported borrowing by NMC’s main shareholders. NMC Health, was listed in London in 2012 and promoted to the FTSE …

EY labels former head of EY Abu Dhabi a 'fraudster' in £2.7bn legal battle

EY UK’s lead barrister described the former head of EY Abu Dhabi as “plainly a fraudster” in the opening submissions at the £2.7bn legal battle against the firm over the collapse of NMC. Abdulrahman Basaddiq, who previously headed up EY’s operations in the United Arab Emirates and served as the country managing partner, was nominated by Sheikh Khadem Bin Butti in 2014 to join the NMC board as an independent director. At the High Court in London …