India is booming Mr SmithSo said the Indian gentleman go-between for the large Indian group that succeeded in buying a business located in London that I was brokering the sale of
The Indian continent was not foreign to me, or rather a bit of it wasn’t. If you turn to page 229 of my book Violets, the adventure in Cochin in the Southern State of Kerala begins
So I was very pleasantly surprised to have to work with the Indian gentleman and to have an inkling on how to apply a little pressure in the Indian style
I mention this since the partially true statement that India was "booming Mr Smith, booming" has had at least one surprising consequence
It is reported that the disgraced former chairman of Indian IT company Satyam had a lavish collection of more than 1,000 designer suits. He also had 321 pairs of shoes, 310 belts and 13 cars including Mercedes and BMW’s. His house contained a telescope worth £140,000 and a fully equipped gym. He had donated huge quantities of gold to temples in Andhra Pradesh and built up a property portfolio including palatial mansions and villas spanning 63 countries. The profits of Satyam had been overstated for years and $1bn of cash and bank balances did not exist. Mr Ramalinga Raju admitted falsifying the accounts of the company he founded. He stands accused of siphoning off $4m each month in the names of 13,000 non-existent workers
Booming Mr Smith, booming.
jgs-2009
