How to (almost) get away with fraud?
Finshots Daily
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Z Entertainment's Overlooked Dues
Z Entertainment is also a listed company. It's answerable to its shareholders and the board. Subas Chandra didn't seek the board's permission before he pledged the fixed deposit. Sebi asked Z if it had got the money back. And Z said, yes, we did. We got it way back in October 2019 itself. Now that should have ended the matter. But Sebi smelled something fishy. So they asked for bank records of all the entities involved in this deal. And let's just say that the money trail they found was shocking.
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