Hyderabad: 114 Companies working from Single Room

Hyderabad, July 30: These days, fraud (or) cheating has become a fashion trend. Yes, from very low to the height of corporate systems, many of them going in an illegal way to get well.

Whatever might be the field, (or) issue, the ultimate goal is to earn money, which may result in wrongdoing (or) illegal (or) lawbreakers, the makers are not at all going to worry.

In a bizarre breaking incident, the above-mentioned fraud got busted in Hyderabad, after which you'll get shocked to know.



In accordance with the officials' report, in Jubilee Hills, the 114 companies owned by the kindred of tainted Satyam founder were being kept alive by SRSR Advisory Services Private Limited.

Reportedly, this company provides financial services. The largest number of firms have been registered with one company in both Telangana and Andhra Pradesh, according to officials.

The shell companies (or) also called as suitcase companies are looked after by the directors, who have been showing zero balance sheets, and there is no mention of transactions happen on their ledgers.

The question of financial lawlessness don't arise with this.