Thats insane amount of money! How could so big firm with accountants, managers, CA's, lawyers working for them 24x7x365 can let this happen? I mean I am really startled with the fact that such big companies could go bankrupt even though they have peeps working all around. How did they not see this one coming in the first place?
Moreover if that company is such huge empire then what about the employees working for them? They could end up loosing their jobs i see!
There is no wonder though after you know how Kingfisher went bankrupt in the past putting SBI bank at high risk. There more banks who still given the loans to that company and today all of them got defaulted by the Vijay Mallya.
Terrific to see how these billionaires can be so stupid.