Bolivia raids the offices of India’s Jindal alleging “breach of contract”

Saturday, July 21st 2012 - 06:59 UTC

Full article 11 comments

Bolivian prosecutors with the support from police and military forces on Friday raided the offices of India’s Jindal in La Paz as part of an investigation for an alleged “breach of contract” following the company’s confirmation it was abandoning the huge iron-ore mining project of El Mutún. Read full article

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ChrisR
Another fcuk-up by the President with the cow pat on his head.

I cannot imagine any other company picking this up after this 'little outburst' by Bolivia.
Jul 21st, 2012 - 01:00 pm - Link - Report abuse 0
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ManRod
a raid into the office of potential investors because they changed their mind??? jeeez!!!

This is simply beyond of any imagination...
Jul 21st, 2012 - 06:40 pm - Link - Report abuse 0
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Britworker
New ideas for Turkey neck to follow.
Jul 21st, 2012 - 06:51 pm - Link - Report abuse 0
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jerry
#3 - You are so correct. Birds of a feather.....
Jul 21st, 2012 - 08:00 pm - Link - Report abuse 0
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JoseAngeldeMonterrey
Another investor leaving the country. Another step backwards.
Jul 21st, 2012 - 08:34 pm - Link - Report abuse 0
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The Chilean perspective
Look and learn potential investors. Bipolar leftist scumbags screwing their countries chances of ever reaching developed status. A sad tale but a fact in Latin America.
Stay away from these places or risk getting scammed.
Jul 21st, 2012 - 10:14 pm - Link - Report abuse 0
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ManRod
honestly... I am at a level, whereas I do not feel any pity for these kind of investors going to Venezuela, Bolivia, etc... I mean, if you are so stupid, you don't even deserve anything else then this.
Jul 21st, 2012 - 11:01 pm - Link - Report abuse 0
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Captain Poppy
#6
You are correct. Why is SA so undeveloped when they started the race on the same playing ground and rules as NA.
Jul 22nd, 2012 - 05:56 pm - Link - Report abuse 0
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British_Kirchnerist
Good move. And this time on a firm from another developing country; maybe they thought that would save them from the consequences of non-investment, but they were wrong =)
Jul 23rd, 2012 - 12:25 pm - Link - Report abuse 0
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Captain Poppy
Maybe India, being a nuclear power, can claim ignorance as a developing nation and wax the floor in tribal bolivia, the most useless greasy spot on the globe run by a prejudiced socialist that hates people who have worked hard and achieve success.
Jul 23rd, 2012 - 03:45 pm - Link - Report abuse 0
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Simon68
9 British_Kirchnerist (#)

BK, Evo broke the contract by not supplying the necessary gas for the project, only 25% of the contract amount.

The point is that Bolivia can't manage to supply all the gas they've sold to Argentina, Brasil, etc.
Jul 23rd, 2012 - 05:48 pm - Link - Report abuse 0
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