Note: Please don't make accusations of fraud against specific individuals or companies in the comments to this post. We've moderated one comment and will have to moderate if they are flagged and make specific accusations. We can't take on the liability of your comments. No issues with generic statements and comments. Update: OnMobile has issued a statement denying media reports pointing towards the company's CEO Arvind Rao being involved in misappropriation of funds and an enquiry being conducte by an external auditor for it. Here's the statement: "A number of news items appearing in the press have reported that the board of directors of OnMobile Global Limited has ordered a probe against the company's promoter and CEO Arvind Rao for alleged misappropriation of funds for which an external auditor has been appointed to establish the charges against Arvind Rao which…
