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http://www.rediff.com/money/slide-show/slide-show-1-corporate-frauds...
Reebok-India Reebok India alleged a Rs 870 crore corporate fraud by ex-India head and coo of Indian operations in September 2012. Investigating authorities blamed it on the gross mismanagement and collapse of business planning and ruling of the company. Ex-Indian MD Subhinder Singh Prem denied any commercial mismanagement. Click NEXT to read more...
Akzo Nobel India Akzo Nobel India merged three unlisted Indian subsidiaries into listed parent entity in February 2012. Minority shareholders, a clutch of institutional investors and Asian Paints raised questions on the valuation parameters of these unlisted entities. Akzo Nobel India said valuations of the listed and the unlisted entities were done by two third-party agencies. Click NEXT to read more...
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http://www.rediff.com/money/slide-show/slide-show-1-corporate-frauds...
Siemens India
MphasiS
Analysts raised a red flag after MphasiS, an HP Company and also its biggest customer, cut prices on contracts awarded to its
parent. Mphasis said it treated HP as a shareholder and as a customer at arm's length. Click NEXT to read more...
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Daewoo Motors Daewoo Motors India was referred to SFIO in 2003 on charges of financial mismanagement, then estimated at Rs 1,000 crore (Rs 10 billion). In 2005, SFIO pressed charges in a court alleging siphoning of funds to related companies, transfer of funds to parent, and over-invoicing. Daewoo is under liquidation and managed by Asset Reconstruction Company. Click NEXT to read more...
Cadbury India Minority shareholders took Cadbury India to court in 2003 after its de-listing over a dispute involving the value of share buyback. A spokesperson said, "The matter is sub judice. We hope for a speedy resolution."
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