(A.M.) lacked integrity for producing inaccurate information regarding the amount of a client's total net assets and for making
unauthorized investments for another client that he attempted to conceal," the regulatory authority said.
The Vice Chancellor, he suspected, has also risked hundreds of millions (around 750 millions) of university funds by illegal and
unauthorized investments with private and low-rating banks.
He said that Vice Chancellor has also risked hundreds of millions around 750 millions of university funds by illegal and
unauthorized investments with private and low-rating banks.
Unauthorized investments: Financial advisors of athletes making
unauthorized investments on their behalf.
In two instances of misuse of powers by directors and
unauthorized investments in associated companies, proceedings under
Investor's money to his own personal use and made other
unauthorized investments.
The controls relate, for example, to preventing an entity from incurring
unauthorized investments, making unauthorized expenditures, incurring unauthorized liabilities, having inventory stolen or detecting such events in a timely manner.
