In 2011, Pakistani singer Rahat Fateh Ali Khan and his manager were intercepted at the Delhi airport for allegedly carrying an undeclared amount of $1.24 lakh.
Additional chief secretary M.K. Raut and OSD P.K. Janawade allegedly acquired $23,380 in the name of 23 persons most of whom didn't even travel with them.
ED issues show cause notice to Chhattisgarh addl chief secy M.K. Raut and OSD P.K. Janawade for acquiring foreign exchange worth $13,360 and $10,020...
I don’t believe that the US-India relationship has deteriorated beyond repair. There are ways of handling Trump, even if the Pakistanis have outplayed us this year.
When push comes to shove, neither independent directors nor statutory auditors seem able to prevent the most egregious failures of corporate governance, even outright fraud. Consider the cases where promoters have diverted funds – mainly borrowed from banks – to private entities controlled by them. Over invoicing of imports on an industrial scale. These violations of the law are not to be confused with poor commercial judgment that can lead firms into losses. It is almost as if the auditor’s report has no value or sanctity. It would almost be intellectually more honest for the top management to self certify its accounts. Tell the world and all important stakeholders, We are people of substance, take a long term view of our role in this company, please take us at face value. 2. A small vignette from my articleship days. We were auditing the books of the Central Bank of India, Janpath Branch. One of the ledgers I checked was a personal loan taken by one Ms Kiran Bedi to buy a TV set. She was repaying it in monthly instalments of Rs 200 …
When push comes to shove, neither independent directors nor statutory auditors seem able to prevent the most egregious failures of corporate governance, even outright fraud. Consider the cases where promoters have diverted funds – mainly borrowed from banks – to private entities controlled by them. Over invoicing of imports on an industrial scale. These violations of the law are not to be confused with poor commercial judgment that can lead firms into losses. It is almost as if the auditor’s report has no value or sanctity. It would almost be intellectually more honest for the top management to self certify its accounts. Tell the world and all important stakeholders, We are people of substance, take a long term view of our role in this company, please take us at face value. 2. A small vignette from my articleship days. We were auditing the books of the Central Bank of India, Janpath Branch. One of the ledgers I checked was a personal loan taken by one Ms Kiran Bedi to buy a TV set. She was repaying it in monthly instalments of Rs 200 …