Siphoning Funds from companies
Many of you must be aware how the Singh brothers of Fortis siphoned a ton of funds from investors while having highly paid executives serve as dumb security guards as they
cleared the safe.
These are common practices at many small mid and large companies.
Can corp affairs, sebi, other regulatory bodies set some standards, check balances and enforce them.
Also why are the Singh brothers and their execs not behind bars yet? more
cleared the safe.
These are common practices at many small mid and large companies.
Can corp affairs, sebi, other regulatory bodies set some standards, check balances and enforce them.
Also why are the Singh brothers and their execs not behind bars yet? more
Viewed by 1101
View all 14 comments Below 14 comments
why to penalise (penalty and lower rate of interest) the person who does not have enough to keep the minimum balance in account. more
Sep 09
As long as "bail in" and "bail out" are available and penalties like minimum balance are available who bothers about NPAs. Long live politicians and chemcha Babus. more
Aug 12
CA and auditing rules have been enhanced through out world and in india in 2016. more
Jul 09
But still NPA's are increasing and siphonin of public money is increasing so what is the use unless honestly prevails which never happens in this era!! more
Jul 10
JAI HO Modi-Jaitly combine. Singh brothers are not middle class, hence remain immune & will not be touched. Modi is interested in only harassing & penalise middle class. more
Jul 09
Govt have ALL STANDARDS TO FOLLOW, but have loop holes too to break the rule & corrupt officials ..... more
Jul 08
