Thanks for raising this question which i was wondering for a long time? This is my first post at forum. I too have the same question? I am not an expert in value investing.
Not sure what kind of fraud, if any, ‘Tanla’ was involved with? I googled hard but was unable to find any thing on public domain. The company’s balance sheet looks improving for last several Qtrs and Co seems to be gaining lost ground. But stock is not moving in line with balance sheet (source screener.in). Its available attractively at almost 0.5 P/BV.
Is the balance sheet manipulated?
Would appriciate if some expert and senior member respond please?