Corporate Fraud/Misdemeanor - Public Domain - India lessons

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@Chetanpinto

Here’s one instance of no ostensible fraud but being unfair to minority shareholders:

Forensics and the art of triangulation

Mr Anil Agarwal does it again, following a playbook that has been repeated by him often - getting listed companies he controls to buy private companies he owns. It is disclosed as an innocuous footnote in item no 6 in Notes to accounts: [image] To add, no prominent media has reported it as accurately as Moneylife, by a long distance, I would add. Here is what a search on news on Vedanta gave me: [image] So never shoot the messenger because the message is not palatable. You don’t know wh…

Now if I have followed him and I know this, I would avoid anything that requires me to share my spoils with him. Practically forever. Even if it is very very tempting, because in my world view they (along with his entourage of bankers, brokers, and other players) make it tempting to attract you… then they will trap you.