Manoj Kumar, Former MD & CEO, Ricoh India, said he had no role to play in the malpractice allegations doing the rounds at Ricoh India.
The Ricoh India is completely identical to the Satyam fraud; the revenues, receivables and inventories are all padded up, says Anil Singhvi, Chairman of Ican Investment Advisors.
Expressing hope that the Companies Bill, 2009, will be passed by Parliament in 2011, the Corporate Affairs Minister, Veerappa Moily, today said his ministry was ready with the Cabinet note for the legislation.
Suggesting strong measures to track black money, accounting regulator ICAI today said new foreign banks should be granted licences only if they agree to furnish details on "investment made by Indian people outside India".