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The MSEB determined that it could not afford to purchase the power (at Rs. 8 per unit kWh) charged by Enron. From 1996 until Enron's bankruptcy in 2001 the company tried to revive the project and spark interest in India's need for the power plant without success. The project was widely criticized for excess costs and deemed a white elephant ...
An Enron manual of ethics from July 2000, about a year before the company collapsed. Enron's complex financial statements were confusing to shareholders and analysts. [1]: 6 [10] When speculative business ventures proved disastrous, it used unethical practices to use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance.
Dabhol Power Station is located near Anjanwel village in Ratnagiri district in Maharashtra, India, about 160 kilometres (99 mi) south of Mumbai.The power station was built by the Dabhol Power Company (DPC), which was a joint venture of Enron International, General Electric, Bechtel and Maharashtra Power Development Corporation. [1]
Enron filed for bankruptcy on Dec. 2, 2001, amid revelations of hidden debt, inflated profits and accounting fraud. The collapse of the energy giant cost thousands of workers their jobs, while ...
In 2012 his term as Attorney General of India was extended by two years. [6] In April 2013, Vahanvati's role in government came under scrutiny after allegations of impropriety and coercion emerged from his junior law officer, Harin P. Raval, who resigned from the post of Additional Solicitor General as a result. [7]
Analysts in India have termed the Satyam scandal India's own Enron scandal. [9] Some social commentators see it more as a part of a broader problem relating to India's family-owned corporate environment. [10] Immediately following the news, Merrill Lynch (now a part of Bank of America) and State Farm Insurance terminated its engagement with the ...
Also available on the flashy new Enron site is a selection of clothing items on the company store which include stickers ($5), beanies ($30), T-shirts ($40), puffer vests ($89) and hoodies for ($118).
It’s the comeback story no one asked for — the resurrection of a brand so toxic it remains synonymous with corporate fraud more than two decades after it collapsed in bankruptcy. That’s ...