It is welcome that the government is investigating possible diversion by promoters to their shell companies of a part of the loans they had received from banks, contributing to their eventual inability to service the loans, which, in turn, become non-performing assets on the books of the banks that lent them money. It is necessary to bring to book individual culprits. But it is even more important to bring in systemic reforms that would make such diversion difficult, their investigation more productive and encourage industry to focus on improving their efficiency.
via Corporate fraud: Target the system, not just individuals
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