- Joined
- Dec 10, 2021
A major part of Enron's collapse was literally caused by a pajeet state-sponsored financial bait and switch - the Dabhol power plant construction fiasco.Enron, WorldCom, Qwest, and Tyco all hired large numbers of foreign workers from India before their scandals.
Enron spent $3 billion dollars to build a power plant in India, and executed contracts with the Indian government stipulating that they had to buy a certain amount of power from it. But then when it came time to actually buy the power, the Indian government was just like "nah jk nigga lol" Then the Indian government seized the plant after Enron went bankrupt.