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Why should Reid and Taylor be disrobed?


The case of Reid & Taylor (R&T) and its giant banking fraud perpetrated by its management is worth a look, since it is in a typical standard format how such dubious promoters have defrauded the banking system. The Company built a glamorous/glossy image for itself, by having the likes of Amitabh Bachhan advertise for its products, and under that image it kept
borrowing money, till the colluding bankers could no longer keep topping up the loans. So why is it that the company needs to be disrobed now? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter.

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