Business Standard

Ricoh India saga: Avoid direct investments if you aren't doing own research

Ricoh India's impending troubles could only have been spotted by investors willing to dig deep into the financial statements of the company

Ricoh India saga: Avoid direct investments if you aren’t doing own research

Sanjay Kumar Singh
Through an order dated February 12, 2018, the Securities and Exchange Board of India (Sebi) barred seven key management personnel of Ricoh India from accessing the securities markets. The regulator will also conduct a detailed forensic audit of the company's books to understand the full extent of the accounting scam at the printer seller that later forayed into information technology services (ITS). The scam once again emphasises the need for direct stock investors to develop the ability to spot troubles early through a close reading of financial statements. 

Playing fast and loose with numbers: Through a letter dated April 20,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 26 2018 | 5:24 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to