Saturday, July 4, 2020

Independent director accuses promoters of Rs 600-crore scam in listed optic fibre maker

Independent director accuses promoters of Rs 600-crore scam in listed optic fibre maker Promoters of Aksh Optifibre, a Delhi-based company, accused of creating a byzantine collection of shell companies, entering into undisclosed related party deals, and carrying out gold-plated imports. Independent director shoots letters to finance ministry and board calling for forensic audit.

from Moneycontrol Business News https://ift.tt/2VOkdwC

No comments:

Post a Comment

US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...