THE TIME HAS COME TO PROBE INTO THE OPERATIONS OF MANY MORE COMPANIES. BEFORE SOME OTHER COMPANIES RESORT TO SIMILAR SUCH ACT'S as satyam did.
specially in south india IN HYDERABAD there are companies like INTELLI GROUP ASIA, LOCUZ ENTERPRISES SOLUTIONS, CHOICE SOLUTIONS, ANANTH TECHNOLOGIES, PRIVITHI INFO SYSTEMS, AND MANY MORE IN HITECH city madhapur. who claim to big companies. and fraudulently manipulate there balance sheets in order to pool up the working capital from Banks and other financial institutions, besides for companies expansion pro grammes. on whole the directors or C.E.O of the above companies only agenda is by hook or crook become rich in the corporate world and want to see there photo graphs various popular magiznes and receive awards and be in limelight. at the cost of those employees who are no way linked to this faruds and play with there careers. the above companies and similar other companies should be probed by the government and other agency in order to check there creditable.
Re: TIME HAS COME TO PROBE INTO MANY MORE COMAPNIES
by just passing on Jan 11, 2009 09:28 PM Permalink
The companies are holier-than-thou entities, probe the governments.
Re: TIME HAS COME TO PROBE INTO MANY MORE COMAPNIES
by Lopesh S on Jan 11, 2009 09:28 PM Permalink
Pls give more powers to SEBI/BSE/NSE/NSDL/DCA/MCA
The whole system seems to be highly corrupt and can be bought so easily. – PM and PC keeps boasting of our corrupt free system. Plus all Our Regulators SEBI/BSE/NSE/NSDL/DCA/MCA do not seem to have enough powers to take action erring companies. We have a grievance against STERLITE INDUSTRIES who Forcibly took away shares acquired thru IPO in 1993. We must have written innumerous complaints to SEBI/BSE/NSE/NSDL/DCA/MCA but in vain. All they do is just forward the complaints and companies ignore and devious in their reply. It appears that company is very confident that SEBI/BSE/NSE /NSDL/DCA/MCA are powerless and cannot do anything. Cleverly they keep changing the registrars from PCS Data to Sharepro to Karvy. Good luck to all investors think trillion times before investing in Indian markets and loosing your pants No one is going to protect your money – Lopesh Kumudha and Suresh
Re: Re: TIME HAS COME TO PROBE INTO MANY MORE COMAPNIES
by just passing on Jan 11, 2009 09:29 PM Permalink
More powers == more interventions, it goes against the ethos of free market capitalism.
