Chapter 726 Digging a Pit and Burying Him
An antitrust lawsuit involving a total of $3.5 billion in fines.
Even in Europe and the United States, it is rare to see "punitive damages" of this scale. It is obvious that the Indian Trident mobile phone company invested by Suri and several other Indian Internet projects are completely destroyed.
The antitrust investigation has just been launched now, and it is still early for the dust to settle. The whole matter is not a big deal or a small matter.
Once it is not handled well.
With the consistent approach of the third brother, they will definitely peel off the skin of Suri's Indian investment projects, and even drag down the development momentum of those incubation projects.
All we can say about this is that our previous predictions were correct. The place was really not suitable for doing business. The third brother was still the same group of third brothers. They couldn't wait to get started on Suri's projects before they could fatten him up.
Suri suspects that the so-called "US$3.5 billion fine" was thought up by some people on the fly and has no legal basis at all.
After all, these companies have not yet made any net profits. He, his partners, the Baani family, and the Indian branch of Caishen Capital have been investing money in them. The Trident mobile phone has only been sold for more than two months after it was launched. More than 2.6 million units were sold.
No matter how you calculate it, the fine should not be that high.
Miss Aishwarya Baani's father is still the richest man in India. However, compared with the Tata family, his strength is slightly inferior to that of the Tata family. Overall, he is about the same. In recent years, he has greatly caught up with the Tata family. Family meaning.
The four largest families in India today are the Tata family, the Birla family, the Baani family and the Adani family.
After thinking about it, Suri felt that it was his choice to cooperate with the Baani family that aroused the dissatisfaction of other Indian oligarchs, so he came up with this "thunder strike" and acted very quickly.
With Aishwarya Baani's father's network of contacts, he was suddenly defeated without realizing it in advance.
It’s right when you think about it.
Everyone knows that the high-tech industry is quite profitable. The total potential value of the local projects he has incubated in India is likely to be as high as 30 to 40 billion U.S. dollars. Of course, others will not just watch him and the Baani family feel comfortable. Earn all the money.
To be fair, Suri doesn't care much about these projects in India. As early as when he decided to cooperate in investment, he thought that there was a risk of failure.
After talking to Miss Aishwarya Bhaani on the phone and learning more detailed information, Suri was actually a little excited.
The reason is that with the gradual recovery of the global economy, India has developed quite well in recent years, attracting many foreign companies to invest in it. This time he finally has an excuse to get angry.
Opening the Tweet account with great interest, Suri sat in the living room to ponder for a while, typing -
“I just learned unexpectedly that Indian officials are about to launch an antitrust investigation with a fine of up to US$3.5 billion against my investment projects in India.
I don't know how they came up with this amazing number. These projects of mine are all in the red, without even 1 cent of net profit. But they now made up a new legal clause, and then used it to make me pay such a huge fine. I finally know why companies such as Coca-Cola, Vodafone, and Posco left India.
A consultant told me before that India is known as the 'Graveyard of Multinational Enterprises' and is the most difficult country in the world to do business in. I didn't want to believe it before, but now my idea is not so firm. Indeed, many companies have encountered similar problems. Ridiculous experience. "
There was nothing to hesitate, Suri decided to send it.
His cooperation with the Baani family only invested more than 200 million U.S. dollars in batches. Even if it was all in vain after they broke up, Suri felt that it was extremely worthwhile. It might indirectly create dozens or tens of millions of dollars for the mainland. Millions of jobs.
The scale of hot money flowing across global borders is limited. Some countries have more, while others have less.
As one of the potential competitors from the mainland, Suri didn't want to miss the perfect opportunity to dig a hole for it, not to mention that he was indeed making trouble this time.
Let’s not mention anything else.
Since the Indian market is firmly controlled by several major local families, European and American giants represented by Wall Street have been coveting it for a long time.
Suri only needs to light a fire, and naturally someone will take the opportunity to pour fuel on it and try to pry open the door to the Indian market.
With his fan base of over 10 million, someone quickly left a message after the post was posted, saying
——"It is definitely a wrong decision to invest in India. They only use global trade rules to gain benefits, and then crazy fines are issued to companies doing business in India, such as Microsoft, where I work."
Someone else left a message below:
——"I don't know why, but I'm not surprised at all that India would do something like this. They defrauded us of a steel plant in South Korea. My uncle is an employee of Posco Steel."
Even the Indians couldn't stand it anymore and left a message - "This is the reason why I studied hard and immigrated to the United States. Recently, the company is studying how to enter the Indian market. I want to tell the management that this is definitely a bad decision." "
Netizens are obviously very interested in this topic.
Both the number of likes and comments are skyrocketing. This is not because there are so many supporters of Suri, but because there are too many victims who have been deceived.
Originally, Suri was planning to hire some navy troops, but now it seems that it is completely unnecessary. This fire has been lit on the straw pile, and the flames are burning brightly.
Many other companies were bullied in India, either for long-term interests or because no one helped them speak out, and they could only hold their anger in their stomachs and pay the fines.
Suri is different.
In addition to being a businessman, he is also a celebrity with amazing influence. He takes revenge on the spot and shows a tough hand to avoid being pushed further.
After the post was published, it quickly became popular and attracted netizens from all over the world.
Countless media followed up, and it didn't take long for the relevant news to be overwhelming.
It was clear who was right and who was wrong. It was equivalent to temporarily customizing a rule and then asking Suri to pay a huge fine. It was too ugly.
In addition, Sammo Hung had many previous criminal records, and the tragic experiences of multinational giants such as Coca-Cola and Vodafone in India were soon dug out by netizens.
For a while.
Even the news that Brad Pitt and Jolie broke up and quickly dated a young model was not as popular as Suri being "robbed" by Sammo Hung.
Usually, the Indians are always full of fighting spirit on the video website YouTube. They can say a few words when they see a video of a cute puppy.
Faced with Su Rui's post, these people thought they were in the wrong and collectively silenced their anger, never playing against the wind.
Netizens from other countries will not hold back just because they admit defeat, and many Indians have become autistic.
As more victims come forward, the whole thing quickly goes viral and firmly dominates the headlines of countless hot search lists... (End of this chapter)