Ram Tumuluri: until last February, there was a charge under Canadian law against all his known assets

Here below is the result of a PPSA search I had somebody run for this website last year in Canada against “Ram Tumuluri”, when he was named to me by a source to whom he said, before we even knew there would be a tender, that his outfit would be taking over Malta’s public hospitals. At that stage, he was presenting himself as an executive of Oxley Capital out of Singapore. I have now requested an updated search.

You will see from the document below that there were general security agreements in effect for five years, right up until last February. These placed a charge against all known assets, present and future, of Ram Tumuluri and his wife Sonya.

This means that Tumuluri had the equivalent of a garnishee on everything he owned when he was promised Malta’s public hospitals (before the tender bid), when the outfit he fronted ‘won’ the tender bid, when Vitals Global Healthcare was incorporated in May last year and the contract signed with the Malta government, and all the way through the foot-dragging until the charge on his assets elapsed last February.

Some background on the terminology/A lien is a filing of notice for a security agreement against personal property to guarantee payment of a debt. Once the debt is fully repaid a release of the lien (also known as a discharge) is provided by the lender. A lien registered under the PPSA is a publicly accessible document. PPSA stands for Personal Property Security Act, a statute used in most provinces in Canada regulating the taking and enforcement of security.