Request for Information on Indian Companies Involved in Accounting Fraud

5

@FawaazTheInvestor

Any such study on creative accounting will help investors look for red flags.

I can suggest some sources for more details

  1. Within this forum search for firms listed in this topic Forensics and the Art of Triangulation

  2. Look at SEBI website on detailed orders, not all related to accounting but you may find some with the benefit of detailed investigation SEBI Orders

  3. Look at audit frauds under NFRA NFRA orders

  4. Look for Indian reports by Veritas / Nitin Mangal (I have old Veritas reports…Nitin’s reports may have to be bought)

  5. Many firms may now no longer be listed and that would also be a great subject of study. From memory I know Geodesic Ltd overplayed its hand (sources all over, I can supply some details), 8K Miles, later renamed Sekure Kloud…there have been discussion on this forum here 8K Miles and a link to an article I had written. There used to be a bank called Global Trust Bank promoted by Ramesh Gelli (if you can find info and share, that would be great)

  6. Please go through Moneylife.in, Sucheta Dalal has done yeoman work in talking about many ‘shady’ companies.

All the best and hope we get to see your research once it’s done!

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