National Peroxide reported a profit of around 48 Crores last year.
Now it turns out,one of their employees embezzled 36 Crores !
Source: Nov 08, 2017 Exchange Filings of National Peroxide
Considering that National Peroxide is such a small company, one wonders about the quality of internal audits at other Wadia Companies like Bombay Dyeing,Brittania, Go Air etc !
The post National Peroxide: Thief gets 36 Cr, Investors 12 Cr appeared first on Alpha Ideas.