Oh Ricoh !

(Got this as a WhatsApp Forward)

Ricoh reported turnover of Rs.1637 Cr in FY15

New Mgmt says loss for FY2016 is Rs.1120 Cr

This is extent to which accounts can be manipulated

One reply on “Oh Ricoh !”

Oh-Ricoh for shareholders, no-reco(nciliation) for accountants, & no-reco(urse) for lawyers… Until people go to jail in highly publicised cases & lose their homes in recovery proceedings, this behaviour pattern may not change

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