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Executive abuse of working capital is a worldwide fraud issue.

March 31, 2009

Analysis of:Working capital diversion | economictimes.indiatimes.com

1. Diversion of capital is a common abuse among senior executives. This is especially true among privately held companies. 2. “What’s mine is mine and what’s here is mine, too” is an overriding attitude. 3. Without personal risk on these obligations, one may be at their mercy for completion. They have little mercy and enforcement has its risks.

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