It is always recommended to invest in cash rich companies but Do you know that some companies can even fake that cash? Read it
1) They open an FD with Bank A.
2) After few days, they inform the bank that they have lost the FD certificate and get a new FD certificate issued.
3) After few days they liquidate that FD and surrender the duplicate certificate.
4) Then with the liquidated amount of previous FD, they open a fresh FD with Bank B.
5) They do the same with Bank B as they did with…
How they artificially inflate the cash position?
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