World Bank blacklisted the Indian Company Videocon for 3 years for allegedly indulging in fraud and corrupt practices in its dealing with world bank.What is your opinion?
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I didn't know about this news at all, Thanx for informing, but Videocon in india is running very well, and is not facing any kind of pits and falls but may be due to internal matters, it is so. Nobody exactly know about the truth whether it is really fraud or not.
We should be more concerned with product quality rather than financial issues. The news is more important for share holders of the company.
Incidentally, I may point out that 'Readers digest' magazine has been declared bankrupt in U.S.A. Yet, the magazine is worth reading. However, it may not be safe to financially deal with the company.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/