When we have covered the floor
by Rug , it is obvious that it will remain under Rug. Unless we remove
Rug from the floor. Implicitly , it should be cleaned and removed Rug ,
by Auditor. If he takes care , it , fraud will come out. Other wise for
months and years it will not come ever...
See
the case of Ratnamani Engineering Limited Now Ratnamani Metals and
Tubes Limited as well back as in 31.03.1994 , in accounts Fraud was
covered by mere book entry of profit not at all received in cash or from
any body, not reported in Audit Report at all , by Law ought to have
reported separately,. Auditor used Rug for the management .!!!! Management used the rug cover for declaration of dividend out of this mere book entry of profit!!!! The same Auditor in Tax Audit Report excluded from Taxable Income!!!!!!!! For all these years it remained under the Rug , from M C A , R O C , even Judiciary not bared!!!!
reported separately,. Auditor used Rug for the management .!!!! Management used the rug cover for declaration of dividend out of this mere book entry of profit!!!! The same Auditor in Tax Audit Report excluded from Taxable Income!!!!!!!! For all these years it remained under the Rug , from M C A , R O C , even Judiciary not bared!!!!
After
a gap of 20 years!!!!! Recently Official Liquidators has dug in , seen
from Application for Certified Copies of all Documents ??????? The same
copy of web is attached.
By Shah D J
By Shah D J
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