One naive question i would like to ask
During all these capex investments, how do we know , whether promoter is telling the truth? What if he says that capex of 300 crore is done, but in actuality only 280 crore is done?
There is a huge scope of taking money out of company in the name of capex. How can we be sure, if this is not happening?
After all we are trusting all the figures that promoters are telling us. And we know how auditors can be hand-in glove with them.
Such kind of mis-appropriation of funds has more possibility in such kind of capex-intensive businesses.
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