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Business Tit-Bits

Business Tit-Bits: The Related Party Frauds


At the centre of every major fraudulent act by promoters of well known companies seems to be Related Party Transactions. It is through such transactions that these promoters are able to siphon off public monies entrusted to them, often taking it abroad, for their personal gain. By taking a slew of well known examples, we explain to you what a related party transaction is, and how it can be used as a tool to siphon off money and further explain how the government engages in such transactions as well. #IndigoAirlines #JetAirways #DHFL

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