there are lot's of examples of sucking, while to a certain extent developing the company
eg-
1) KOTA used to fund the majority shareholders via low interest rates (300 million at 9%)
http://www.cse.lk/cmt/uploadAnnounceFiles/6201302065020_713.pdf
2) KOTA money used to fund the group takeover of CWM without even making CWM an associate
http://www.cse.lk/cmt/uploadAnnounceFiles/2121264162464_713.pdf
3) LDEV minority used as an ATM to transfer a loss making tea plantation (turing a road construction company into a tea plantation)
http://www.cse.lk/cmt/uploadAnnounceFiles/5851299655983_446.pdf
4) Continous rights issues within the LCEY/CFLB group's minor subsidiaries (MULL, MARA, SIGV, LITE, LDEV)
5) RENU used to fund related party/director owned companies in Australia (300 million at 5%)
note 20 of AR http://www.cse.lk/cmt/upload_report_file/569_1314702853575.pdf
6) LMF being used to consolidate DIST ownership (beter for LMF minority shareholders to sell the DIST shares and take the money out as dividends)
7) RCL money being used to consolidated HAYL ownership (same as with LMF)
CTLD money used to fund 'failing" group real estate ventues (115 million dumped into CT Properties)
note 16 of AR http://www.cse.lk/cmt/upload_report_file/614_1307071560687.pdf
there should be lots more but these are the ones i could remember off the top of my head, the solution to such idiocy is for minority share holders to stop funding rights issues of such joker companies (easier said than done since we only have 250 companies to invest in)