India
DEORA DILUTES COMPANIES BILL
TRANSPARENCY LACKING IN DISCLOSURE NORMS
2011-03-11 11:03
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It was not Enron’s falsified statements in its books of accounts alone which caused losses of billions of dollars to the former US energy giant’s shareholders and creditors after the utility company suddenly collapsed in 2001. The undisclosed financials of a host of Enron’s subsidiaries in the principal company’s balance sheet was equally responsible for the investors’ woes.