As the Indian market is seeing huge competition and the nations firms are in dire need to make alliance in order to stay profitable in the ever-growing competitive markets and this has lead them making huge deals with each other that are making a huge impact on the markets an even changing the policies of the rival competitors.
As these deals rise in the number so does their issues in terms of being legal and not in the interest of benefiting one particular individual. deals between Deepak Kochchar's NuPower Renewables and Videocon Group in connection with the ICICI Bank Videocon loan default case have been in the controversial parts and have been seeing the lights of investigations from the Serious Fraud Investigation Office (SFIO) which is known to investigate the frauds of the nation and corporates that could change the corporate scene if the nation that has been developing really fast and changing the scene in a drastic way. , Ministry of Corporate Affairs had asked the SFIO to initiate investigations in dealings between Nupower Renewables which is another company that is owned by the –suspected Deepak Kochchar, who has been in the murky waters for a long time. The SFIO could be summoning the officials of both the companies involved.
Let’s see what the investigations pan out to be and what changes can this make to the corporate scene of India. Allegations on deals have been making the deals of the corporate sector very shady and this is not good for business.
Tags : Politics, Development, Fraud,