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What is mean by Fictious assets?

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(Querist)
07 January 2009 I am Rajkumar. Please provide the answer
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K V Subba Rao

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K V Subba Rao (Expert)
07 January 2009 Visit www.moneycontrol.com and study Article "Raju admits fraud; Satyam books inflated of Rs 5040cr"
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CA Chaitanya

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CA Chaitanya (Expert)
08 January 2009 An asset which is not in existence is a fictitous asset.
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