Actually Mylar, it is you who needs an accounting lesson. That 1mil you speak of is treated as an asset to the company. And technically speaking, i would assume that the BOD has the right to use the money to deal with day to day expenses and other activities as the board sees fit. Don't put the blame all on Farhad as the Board would have to approve any expenditures. It just that Farhad being a director in each CO. adds questions. IMO
As I stated..it may all be good and above board.