Big Companies, NPAs and black Money

The big companies having one or two as sick units have several benefits on tax and other reliefs and concessions.Even keeping accounts as NPAs, the possibility of converting black money into white and money laundering cannot be ruled out.How far bankers are vigilant is a matter to be probed.Ethical way of doing business has been wearing out and suspicious transactions violating prudence and values galore. As rightly observed compared to the past particularly in the 1970s and 1980s, the number of sick companies in well run and reputed groups are definitely on the decline.

Dr.T.V.Gopalakrishnan
( This comment is in response to an article "of affluent promoters, sick companies" appeared in ET dated 22/3/13)