Ricoh India Vendor’s Insolvency Petition Was Rejected but There May Be More Accounting Woes

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In good news for Ricoh Company, Ricoh India reports that a petition from a vendor called Fourth Dimension Solutions (FDS) to commence insolvency proceedings against Ricoh India has been rejected. However, two Bloomberg Quint articles about a PricewaterhouseCoopers (PwC) forensic audit of Ricoh India’s financials say that the accounting fraud at Ricoh India may stretch

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