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Moneylife » Companies & Sectors » Company News & Trends » GMR Maldives: India’s Enron?

GMR Maldives: India’s Enron?

    • Dayananda Kamath K
    • Vinay Joshi
    • Harish Chandra Kohli
    • Sucheta Dalal
    • Sucheta Dalal
    • 7 comments

Sucheta Dalal | 10/12/2012 01:20 PM | 

Will cronyism dictate our attitude to our tiny neighbours, while we are pressured by rich nations to open up our markets?

In the most brazen display of Enron’s powerful connections with George Bush, its CEO Kenneth Lay has written to Prime Minister Atal Bihari Vajpayee saying that if the issue is not resolved urgently (and to Enron’s satisfaction) it would be construed as an expropriation of US assets and lead to the imposition of sanctions by the US government against India.”  

I wrote this in 2001, just 15 days before Enron Inc collapsed and investigations revealed massive ...


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