Photographer: Graham Crouch/Bloomberg

Alleged Fraud Undoes 5,800% Surge at Unit of ‘Most Ethical’ Firm

  • Ricoh India’s shares have been suspended since May this year
  • Saga puts spotlight on Indian corporate governance standards

Two months after Japanese camera and printer maker Ricoh Co. was again recognized as one of the world’s most ethical companies, the shares of its Indian unit were suspended following a rout exacerbated by allegations of fraud.

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