Home » Posts tagged with "Ioan Niculae"
Billionaires on our money (II)
Another method used in misappropriating public assets is the under-appraisal of companies, which allows for State-run businesses to be taken over for chicken feed. The modus operandi is quite simple. The targeted company is under-assessed (either through flawed management, which buries the company in debts, or by using the accounting value rather than the market value of assets as a starting point),...