Evil Secret

Look, I am here to tell you something. A secret nobody ever told you, a secret that was buried inside the depths of Hades, piece by piece. I took them all and am here to show you the same.

Under the influence or oppression? No, it is out of my pure love for humanity and hate for evil. The SATAN. Satan sent me to do his work. Satan, the devil, the supreme evil force, a creature made from loathing and resentment. You are the chosen one. Yes, you! You are chosen to serve him. Do you know how it feels being a chosen one? I was the one before you. He tormented me to generate the pain and hatred, forcing me to inflict more pain on people like you. Read More »




Securitization is the financial practice of POOLING various types of contractual debt such as

  1. Residential mortgages,
  2. Commercial mortgages,
  3. Auto loans or
  4. Credit card debt obligations

and selling said consolidated debt as bonds, pass-through securities, or collateralized mortgage obligation (CMOs), to various investors.

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Satyam 9000 Crore Scandal

The biggest corporate scandal in India, Satyam Scandal where the promoter and chairman Ramalinga Raju fudged the accounting inflating assets and understating liabilities manipulating accounts by $1.47 billion (present value is approximately Rs. 9000 Crores).

  1. Inflating Receivables (Sales) – He raised fake invoices and used an emergency system of feeding the same to the company’s inventory management software thus bypassing validations. He also generated a “Super User” code that enabled him to hide the fake invoices for obvious reasons. CBI said in a statement

    Investigations revealed that the accused have already entered 6,603 out of these false and fabricated invoices amounting to Rs 4,746 crore into their books of accounts thereby inflating the revenues of the company to this tune.

  2. Understated Liability – It amounted to Rs. 1230 Crores.
  3. Overstating no. of Employees –CID told in court that the actual number of employees is only 40,000 and not 53,000 as reported earlier and that Mr. Raju had been allegedly withdrawing Rs. 20 Crores every month for paying these 13,000 non-existent employees. Read More »

9 Legal Ways to Inflate Profits

A company may want to increase its profits to increase its share value in the market, to improve credit worthiness of the company, to get more public exposure, to prevent itself from takeovers and to have a bargain position while making acquisition deals.

  1. Inflate sales – Double the units of sale or triple it as per need. Then at the end of the financial year, just reverse it showing it as sales return. Now, how the profit is inflated? In quarterly results of the company, the profit is inflated thereby increasing credit worthiness which can be used to dominate acquisition deals or further public issues.
  2. Charge less depreciation – Depreciation is a non-cash flow. So it can be modified to any value by making a policy change in the books. A reduction in depreciation means more profit.
  3. Convert long term to short term assets – During revaluation of short term assets, a part of fixed assets can be transferred to current assets (i.e. short term assets) and can be revalued and shown as an income in the P/L account to inflate profit further. Read More »

9 Ways to Spot and Avoid a Hater

Hater, the most dangerous and disastrous creatures of all others who will make you believe that the gold you have is not a gold but coal. Haters can be of two types, a developed hater (who is a professional hater) and developing hater (who is becoming a hater). You need not to be celebrity to have haters. Haters are found everywhere in one way or another. Haters are not critics. Critics provide useful advice bonafide but haters have malafide intentions. I will discuss how to spot a hater and how to avoid one. Read More »

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