Reliance Communications dubbed "poster child of everything wrong with Corporate India"

Direct Link to Veritas Canada Report.

MoneyLife Exclusive Article on the above report

RPower IPO was also an instance in my view, which shows the path they follow.
Hype, DrumUp, Dump.
and Create risk free wealth for themselves by using creative accounting when listing companies.!


Common fudges in India Inc's accounting standards

In recent times, many companies have resorted to inflating their numbers in keeping with their reputations or to meet investor expectations. What started as a trickle is now a full-fledged practice.

Fortunately, equity analysts have been quick to sift through annual reports and flag instances of creative accounting. Here are some of the more common fudges in corporate India's accounting standards.