They also have been accused of putting up fictitious assets to conceal the insolvency.
2.
They invented fictitious assets and overstated the value of others.
3.
Raju stated that the aborted Maytas deal was actually a last attempt to " fill the fictitious assets with real ones ".
4.
All told, the SEC said, those maneuvers overstated the company's earnings, assets and net worth by at least $ 400 million until it wrote off the fictitious assets in 1993.
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