CMS Energy Scandal And Rebound

Since 2000, CMS marketing, services and trading companies have begun energy trading without economic rationality. As stated in the US Securities and Exchange Commission's Stop and Termination Order, the CMS in 2000 and 2001 utilized closed-loop energy trading conducted by the Houston Energy Trading Authority to generate revenue, expenditure and energy We greatly exaggerated transaction volume MS & T greatly. These transactions are now known as "round-trip" transactions. CMS issues fake press releases explaining transactions as low margin transactions, but in effect there is no margin.

The company recently tried to recover from the accounting scandal and other dilemmas, so it lost a series of budget deficits with a loss of about 6 billion dollars. The problems involved are deep and extensive. Vertically, everyone, from management to management, accountants has problems. From a horizontal perspective, the Group's problems affect the business unit's profit and production, which results in the loss of shareholders and the subsequent documentation of class actions. Toshiba's accounting problem can be traced back to company employees who underestimate long-term project costs and exaggerate profits. This cheating began early in 2008 and occurred after the investigation in 2015. Investigators have found evidence of the use of technology, such as delaying billing and loss, pre-booking future profits prematurely

Decades of scandal involve almost all senior officials in Bihar State and countless businessmen. In the mid-1990s, a scandal occurred at Birhar, Lalu Parsad Yadhav was imprisoned several times, and was charged with a case involving government funds fraud. When it was released, the feed fraud was a complex scandal involving government officials, bureaucrats and the business mafia, and even lower level government officials were involved in scandals lost for the country for a long time. Once the government and merchant mafia are available, the association will be able to find frauds for a long time and guarantee that they will consume up to $ 260 million in government funds. (Bert)