Currytown Corruption in Texas: Investigating Dr. Guru Reddy’s US Healthcare Fraud and Indian Hospitals

This is an ongoing investigation. As such, this article will change frequently. We are posting this information for citizens of Houston and surrounding areas to read and make their own informed decisions about the allegations and charges brought against Dr Guru Reddy and his related entities, family, business and personal relationships. LIT does not offer legal advice, nor should this be viewed as legal advice. LIT is an investigative blog highlighting matters of public concern, including healthcare fraud – and its apparent close relation with the legal profession, including the judiciary and real estate investment vehicles and/or entities involved in REI and/or REITs.

It is clear and obvious from the collated facts that between 2007 and 2013, when the Hyderabad Continental Hospital was founded by Doc. Guru Reddy, he’d most likely unlawfully skimmed the funding requirements from medicaid and medicare with fraudulent billing and as the whistleblower claims, circumvented the procedures he was paid for by providing inferior care and skimping on expenses.

Dr. Guru N. Reddy bled the American government and American citizens with his premeditated schemes, and then relied upon his resume and high-powered connections when criminal charges were brought in 2017 to ensure they would be dismissed.

In an article below from as recently as last year, Guru Reddy is already stating that he’s renounced Texas for his love of his country, India, and ensuring the healthcare of his own people. However, he professes to want to implement the systems he learned from Texas and the Mayo Clinic. That stated, there is strong evidence Dr Reddy has left firm roots in Texas, and no doubt is still bleeding the system which has been so financially rewarding to him and his business interests.

Perhaps he’s now decided to become a permanent resident in India after this recent $55 million dollar Healthcare fraud  and 20 year jail sentence for a nurse practitioner by the name of Trivikram Reddy. No relation, we assume? And how does a nurse practitioner get his hands on $55 million?

We’ll leave y’all to decide what you think of this upstanding doctor and his associates.

Hyderabad, India: Investigation into the kidney racket involving staff members of the Continental Hospital, Nanakramguda, has revealed the startling fact that the gang leader of the kidney trade in Bangladesh had struck a “facilitation” agreement with Continental Hospital to expand its patient base.

Tareque Azam Choudhary of Choto Hossainpur Rajganj in Begumganj Upazila of Noakhali district in Bangladesh, was arrested in September 2011, in Dhaka, and charged with collecting kidneys from 30 poor Bangladeshi persons and selling them to patients in Singapore, Chennai and Vellore.

In July 2016, Continental Hospitals Limited signed an agreement with “health care facilitator” Tareque Azam to pay him 20 per cent of the treatment bill as a “facilitation fee”.

The agreement said that Mr Azam is in the medical tourism industry and provides a diverse range of health care facilitation services, including sending patients to medical institutions, aiding travel and accommodation arrangements, organising payments of treatment and diagnosis.

In the agreement, the hospital agreed to indemnify and hold Mr Azam harmless against any claims or suits brought by any third party against Continental Hospital arising out of the obligations under the agreement.

The agreement was signed by Gokul Prem Kumar, the GM of International Marketing of Continental Hospital.

The agreement came under the scrutiny of the police and Directorate of Medical Education and the Gachibowli police issued an FIR under the Human Organ Transplantation Act, accusing three staffers of Continental Hospital, including Gokul Prem Kumar, of cheating and forgery.

Kidney scamster placed ads to lure donors

Asked to comment on the matter, Gokul Prem Kumar, the general manager of International Marketing of Continental Hospital, told this newspaper that at the time of signing the agreement he was not aware of Mr Azam’s background in selling kidneys.

“We were not aware of his background when we entered into an agreement with him. After four or five transplantations facilitated by him, we came to know about his background and stopped dealing with him. In February, the City Task Force also enquired about him. However, as an individual I am not supposed to communicate (with you). The hospital communications department will give complete details.”

According to investigations, Tareque Azam alias Bablu Chowdhury has been a key figure in the illegal kidney business in Dhaka and Joypurhat district in Bangladesh since 2006. He had arranged transplants for around 30 persons, receiving Rs 3-4 lakh taka per transplant, while the kidney donor was paid only a paltry sum.

He was arrested by the Dhaka police on September 8, 2011, and a case was booked against him by the Kalaiupazila police in Joypurhat.

It was alleged that he had inserted an advertisement stating that his cousin needed a kidney donor and then lured those who came forward into selling their kidneys.

Hyderabad, India: Gachibowli police have booked a case of forgery and under the Transplantation of Human Organs Act against Continental Hospital but has now sought information from the TS Director of Medical Education on how to proceed further.

The case pertains to alleged irregularities in a kidney transplantation case. An FIR was issued based on a complaint filed by Dr Praveen Kumar, formerly of the Nephrology department of the hospital, who alleged that his signature was forged on the ‘forward note’ that establishes that the donor and receiver are related.

Police are now probing whether the Bangladeshi live donor and the recipient of the kidney transplant are related.

Gachibowli inspector S. Chandrakanth said a case has been booked against the hospital and a request has been sent to the director of medical education for the records.

Gachibowli SI K. Rajender said that a three-member internal committee of the hospital has to conduct a compatibility test and test for establishing the biological relationship between the donor and recipient and then send a forward note to the Transplant Authorization Committee of the Director of Medical Education.

“The allegation is that the complainant, Dr Praveen, who was part of the internal committee, did not approve the forward note. He rejected it saying the donor and recipient are not biologically related. We are sending the original signature of the complainant and signatures on the forward note to the Forensic Laboratory. We are awaiting a reply from the DME and then we will know whether the kidney transplantation was done and whether there are violations,” Mr Rajender said.

Continental Hospital has a Centre for Kidney Diseases & Renal Transplant which does a large number of transplantations every year.

Continental claims that everything is legal. In a statement, the hospital said,

“Continental Hospital wishes to emphasise that all organ transplants were done following laws. All transplants were conducted after receiving approvals from authorities, including the Transplant Authorisation Committee, DME, Ministry of Health, Telangana…

The Hospital is not aware of any FIR being filed against the Hospital or any nephrologists.

Any such allegation is false and any complaint made by Dr Praveen against the hospital or its employees will be dealt with appropriately.

Further, on Dr Praveen, the hospital wishes to highlight that there were several disciplinary issues pending against him at the time of his resignation. The Hospital is investigating and will take action.”

When contacted, Dr Praveen Kumar refused to divulge details of his complaint and said, “Let the law take its course.”

Asked about the hospital’s allegation of disciplinary proceedings against him, he said, “It is nonsense on the part of the hospital personnel.”

CDPQ invests in ICR, a global leader in strategic communications and advisory

NEWS PROVIDED BY

Caisse de dépôt et placement du Québec 20 Sep, 2021, 09:46 ET

Investcorp continues as an investor of the Company

MONTRÉAL and NEW YORK, Sept. 20, 2021 /PRNewswire/ – Caisse de dépôt et placement du Québec (CDPQ), a global investment group, today announced that it will acquire a significant stake in ICR, a global leader in strategic communications and advisory services. CDPQ will join with existing shareholders Investcorp, a leading global provider and manager of alternative investment products, and ICR team members, in order to continue the Company’s growth and expansion.

Founded in 1998 by a team of former Wall Street analysts, including Thomas M. Ryan, ICR’s Chief Executive Officer, the Company has been one of the fastest growing agencies in the world over the past 20 years, establishing itself as a leading advisor to companies in need of communications and advisory support.

Based on its unique industry focused model, ICR provides fully-integrated services across investor relations, public relations, transaction advisory, governance/ESG and digital branding.

“ICR has created a remarkable value proposition for companies and their leadership teams thanks to its unique portfolio of services, high–quality network and the distinctive profile of its client facing teams who possess deep industry and capital markets knowledge.

This provides ICR a unique advantage to align strategic communications and transaction advisory among all stakeholders,”

said Martin Laguerre, Executive Vice-President and Head of Private Equity and Capital Solutions at CDPQ.

“CDPQ is excited to join forces with Investcorp and ICR’s team to further propel the Company’s growth.”

“ICR is a proven market-leader, well known for its differentiated coupling of capital markets and communications professionals to help effectively deliver on its clients’ goals of building and protecting their equity and brand value,”

said David Tayeh, Head of Private Equity – North America at Investcorp.

“We look forward to our continued partnership with ICR – and working alongside CDPQ – as we further expand the business to meet the growing needs of current and prospective clients.”

Investcorp invested in ICR in 2018 to focus on accelerating the Company’s organic growth, identifying complementary acquisitions and expanding the business globally.

Tom Ryan and Don Duffy, CEO and President of ICR, respectively, stated,

“We are pleased to partner with CDPQ and their team while leveraging our existing relationship with Investcorp.

These two formidable investor groups, which between them have helped hundreds of businesses grow and create value on a global scale, will position our incredible team members for long-term success while further cementing ICR as the agency of choice for private and publicly traded companies around the world.”

Jefferies LLC served as lead financial advisor, while William Blair also served as financial advisor for Investcorp and ICR. White & Case acted as company counsel.

Credit Suisse served as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel for CDPQ.

The transaction remains subject to customary regulatory approvals.

ABOUT CDPQ

At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt.

As at June 30, 2021 CDPQ’s net assets total CAD 390 billion.

For more information, visit cdpq.com, follow us on Twitter or consult our Facebook or LinkedIn pages.

ABOUT INVESTCORP

Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes and infrastructure. Since our inception in 1982, we have focused on generating attractive returns for our clients while creating long-term value in our investee companies and for our shareholders as a prudent and responsible investor.

We invest a meaningful portion of our own capital in products we offer to our clients, ensuring that our interests are aligned with our stakeholders, including the communities that we operate within, towards driving sustainable value creation.

We take pride in partnering with our clients to deliver tailored solutions for their needs, utilizing a disciplined investment process, employing world-class talent and combining the resources of a global institution with an innovative, entrepreneurial approach.

Investcorp has today presence in 12 countries across the US, Europe, GCC and Asia, including India, China and Singapore. As of June 30, 2021, Investcorp Group had US $37.6 billion in total AUM, including assets managed by third party managers, and employed approximately 430 people from 45 nationalities globally across its offices.

For further information, visit www.investcorp.com and follow us @Investcorp on LinkedIn, Twitter and Instagram.

ABOUT ICR

Established in 1998, ICR partners with its clients to execute strategic communications and advisory programs that achieve business goals, build awareness and credibility, and enhance long-term enterprise value.

The firm’s highly-differentiated service model, which pairs capital markets veterans with senior communications professionals, brings deep sector knowledge and relationships to more than 750 clients in approximately 20 industries.

ICR’s healthcare practice operates under the Westwicke brand (westwicke.com).

Today, ICR is one of the largest and most experienced independent communications and advisory firms in North America, maintaining offices in New York, Norwalk, Boston, Baltimore, and Beijing.

Learn more at icrinc.com.

Follow us on Twitter at @ICRPR.

SOURCE Caisse de dépôt et placement du Québec

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