They cheated Daichi Sankhyo, Japanese, cheated Indian investors, typical of India inc., cheated Banks - also typical of India Inc. when all avenues are closed. Best for Jaitely to recapitalize those banks. Long Live Make (Break) in India.
They are lavish in expenditure and simply no accountability. There is no idea how they are spending and for what purpose. Normally it happens when you are earning a lot. Same is the case with them, they are earning a lot and less cared about the processes, streamlining the industry. Rather they depended on outsiders who are bought on money without any culture. So they earned the money and left. After sometime many of their companies are white elephants.
Only good part now is, they are trying to reduce the debt by selling the companies and stakes.
The so called business tycoons of past mostly grew because of their nexus with politicians. They looted the country and common men. It began with congress even before freedom, and now adopted by all political parties. How the wealth of every politician gets multiplied every year???
