41
views
views
The companies are in the dock over inflated balance sheets.
New Delhi: After Satyam, some 15 companies have come under the scanner for inflated balance sheets.
Investors Grievances Forum President, Dr Kirit Somaiya says he has submitted a report to the Corporate Affairs Ministry on the same.
"There is non-transparency in the revenues and turnover especially in the financial year 2008-09. Many companies are inflating their results. I have given Corporate Affairs Minister P C Gupta 15 such company names along with the full details and with the supporting documents. We want the Ministry to go into the full details of the matter and give details to the public," Dr Somaiya said.
Comments
0 comment