Latest is they have issued Post dated cheques for 50% of the salaries dated 31st December 2015 drawn in favour of Andhra Bank.When enquired from Andhra Bank we have come to know that this company owes 266 cr to the bank and the account is non operational for the last 2 years and isno balance account.This is a big scam similar to Satyam and we are surprised why Sibel is not involved.
We request the Telangana Govt to look into the matter so that people suffering is minimised. more
Inefficiency breeds corruption more
(2) Government support and higher-up enquiry like CBI is necessary for the critical cases like this. But both of them will remain busy in political revenges.
(3) These types very serious consequences will pop up many more in the near future, since foreign investment only in a few selected places and sinking of other parts & sectors of the nation.
(4) This will generate only temporary jobs at the selected urbans and overall economy will sink to recessment.
(5) It is very essential for the people of India to foresee this, wake up and act now. more