Why are IL&FS and Patanjali accounts doubtful?

Among other agencies, the SFIO has been investigating the affairs and books of account of ILFS and its hundreds of subsidiary companies. In its preliminary findings, the SFIO is reported to have found shocking details of corruption, personal enrichment of employees, non-transparent deals, gross mismanagement including misreporting of income, dubious transactions, conflict of interest and evergreening of loans. This shady group seems to have blatantly violated every corporate and banking law with impunity. So why are the accounts of the IL&Fs and Patanjali doubtful? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter.