Category: Observations
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MTNL: Only a Matter of Time
Before Employee Expenses overtake revenues !
Source: Exchange Filings of MTNL
National Peroxide reported a profit of around 48 Crores last year.
Now it turns out,one of their employees embezzled 36 Crores !
Source: Nov 08, 2017 Exchange Filings of National Peroxide
Considering that National Peroxide is such a small company, one wonders about the quality of internal audits at other Wadia Companies like Bombay Dyeing,Brittania, Go Air etc !
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CNBC turning into a Cartoon Channel
