Description
This paper explores the challenges faced by the corporate world in light of increasing frauds and failures, specifically focusing on the case of Dewan Housing Finance Corporation Limited (DHFL). By analyzing DHFL's financial statements over a five-year period (2015-2020), the study evaluates the company’s financial health and the role of corporate governance in preventing distress. The paper delves into the fiduciary responsibilities of the board, corporate fraud, and the risks posed to investors. The analysis is enriched with theoretical perspectives on corporate ethics, governance, and the application of Altman’s Z-score as a predictive tool for bankruptcy risk.