Dr. A.K. Desai

Three of Universal Health Care's top executives -- including president and CEO Dr. A.K. Desai -- required that vendors provide the men with lucrative personal deals on the side before signing contracts, an attorney for the U.S. Bankruptcy Court trustee told the  judge at a hearing covered by the Tampa Bay Times.

A Fort Lauderdale CPA has been named bankruptcy trustee for St. Petersburg-based Universal Health Care Group Inc., the parent corporation of two health plans that were placed in liquidation by the state of Florida last month.

The Chapter 11 Trustee is Soneet R. Kapila, founding partner of Kapila & Company, CPAs, according to a spokeswoman for the company, Jeanne Becker.

U.S. Bankruptcy Judge K. Rodney May of the Middle District of Tampa signed the order approving Kapila's appointment on Monday.

State regulators are in an emergency court hearing Wednesday morning in Tallahassee, asking a judge to liquidate Universal Health Care and turn it over to them by April 1. 

They say the financial turmoil at the St. Petersburg-based plan has led many health-care providers to stop treating Universal's patients because the company owes them money, the Tampa Bay Times reports.