Hi Hemant,
This relates to the infrastructure sector and how companies do double leveraging, bidding aggressively for projects to boost their order book etc. I cannot share the particular names of the companies and wouldn’t call it fraud as well as that is how these companies work. As an analyst, we can definitely figure out that something is wrong here but that is how their business model works. That is why you have lot of CDRs happening in infrastructure sector like Gammon, HCC etc
happenings in companies,here Corporate Fraud/Misdemeanor Link: …/…/lessons-from-corporate-fraud-misdemeanor-in-public-domain/308781136 @ Value Pickr.