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Erbudak accused of embezzlement

Slotervaart Hospital, one of three privatised hospitals in the Netherlands, is in deep trouble. Minutes of a board meeting leaked to Dutch newspaper Parool reveal that bank ING has halved Slotervaart’s credit facility, from €52m to €28m, while the hospital is forecasting a net loss of €5m in 2013 after a €2.1m loss in 2012. Meanwhile, co-founder and entrepreneur Aysel Erbudak, still suspended from the board, has been accused of embezzling funds from the hospital.

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