Well, one equities dealer was caught with his hand in the till….he is said to have benefited by Rs. 2 crores. Hdfc Trustee company has been fined Rs. 55 lakhs. The structure of an amc is such that the Trustees are responsible to certify that the internal processes are fine and working. Obviously it was […]

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Copy from Satyam’s Audited accounts. No comments, only an extract fyi. If you thought frauds start with greed, I agree. If you think you can lie with your mouth open, AND with your mouth closed, I agree. Here is a nice extract, read on and conclude why the BOD kept quite. I am not commenting […]

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