The recent news reflecting upon supposed financial misdemeanor by DLF and Robert Vadra is coming to the point of "Loans and Advances" by DLF and Robert Vadra's companies. DLF gave Mr. Robert Vadra Rs. 60 crores interest-free to Robert Vadra through "Loans and Advances" items on Balance-Sheet. And as viewed from certain newspaper reports, Robert Vadra's companies gave supposed salaries to Robert Vadra through "Loans and Advances". The issue of Loans and Advances seems devious ones..
Often one can find huge sums of Loans and Advances on a company's Balance-Sheet and there's little or negligible information regarding that in the Schedules of the Balance-Sheet. It was always supposed that Loans and Advances can be mismanaged to one's benefits and the current case of Robert Vadra and DLF is pointing towards the same.
Its time the companies come forward in a more transparent way towards the same and the shareholders must take the habit of questioning them.
No comments:
Post a Comment