Chapter 498 Picking Peaches Directly

"It's a foreign company. If things go wrong, it might cause an international dispute and even escalate into a diplomatic issue between the two countries." Nirmala hesitated.

After all, those foreign companies are large multinational companies with powerful backgrounds. If you touch them, the countries behind them will definitely step in. They are not so easy to mess with.

"Madam, they were the ones who broke the law first, and we are just enforcing the law normally," said Powede. "Also, I think this is also to better promote the Prime Minister's Make in India plan. Many products of these foreign companies use too many foreign materials and parts, which do not conform to India's domestic manufacturing plan..."

"Yes, they did not follow Indian laws," Nirmala agreed.

She firmly supports and upholds all policies related to Laoxian.

These foreign companies are so despicable. They don’t take the Prime Minister’s policies seriously at all.

Your Excellency the Prime Minister is promoting domestic manufacturing, so even these foreign companies have to purchase more local materials and accessories.

But they simply didn't do it.

What does it mean to buy foreign parts at high prices? Don't India have them locally?

Even if the quality is a bit worse, they can still set up a factory in India to produce it.

Now everything is imported from abroad, which goes against the laws in India that support local manufacturing.

So what's the problem with letting the law enforcement bureau enforce the law? And the tax evasion and tax avoidance problems of these foreign companies are serious, so they must be investigated together.

"But I still need to think about this matter," Nirmala said again.

This matter has too much impact, she needs to report it to the old immortal.

In Mumbai, Rawdon continues to maintain law and order during the epidemic.

The whole of India is in chaos now, and Mumbai is not much better.

Fortunately, he is in charge of Mumbai, otherwise the situation in Mumbai would be even worse.

After all, Mumbai has gathered too many people. Given the current lockdown situation, the more people there are and the higher the density, the more terrifying the place is.

The Mumbai police are now doing their best, but they can only ensure public security in some key areas.

The so-called key areas, to put it bluntly, are wealthy areas and the like.

As for the slums and so on, let them die on their own.

That day, Vides called.

"Rotten, do you know? The Law Enforcement Bureau is probably going to cause trouble again." said Vides.

"What? Are you going to make a big move again? Not targeting the Central Bureau of Investigation, right?" asked Rotten.

The reason why he asked this was that Roton could hear in Vides' tone that he seemed to be gloating.

Before, if the Enforcement Directorate had anything against the Central Bureau of Investigation, Vides would have started to curse.

"Of course not." Vides smiled, "I got the news that the Ministry of Finance is going to investigate foreign companies in India, mainly on tax issues, and the Enforcement Bureau will carry out the investigation. Investigating those multinational companies? It's a thankless task. Bowede is too bold. Isn't he afraid of causing a big mess?"

There is a reason why Vides gloats.

When Alan was in power, he targeted Indian companies in order to increase fiscal revenue.

There was a huge protest at that time, and even Allen retired early.

In Vides' opinion, should Povede have learned his lesson?

He escaped danger last time, so he probably won't get into these things again.

Unexpectedly, Powede wanted to get involved again. However, Vides felt that this might also be the intention of the new Minister of Finance, and Powede was just an executor.

But no matter whether he is an executor or something else, Powede has participated in these things twice. When the truth comes out in the future, Powede’s fate will probably not be good.

Of course, Vides has a lot of opinions about Powede, and he would definitely be happy if Powede was in trouble.

As for whether a more difficult director of the Law Enforcement Bureau will be appointed after Bowede's fall, that is a matter for the future.

In short, Widers is really unhappy with Powede now.

After listening to this, Luo Dun thought to himself that this was the case.

It’s time to start.

As far as Roton could remember, the Enforcement Bureau later took strong measures against Chinese companies in India, especially those mobile phone companies.

Various assets were seized in India, some company managers were arrested, etc.

These events have sparked countless discussions and condemnations on the Chinese Internet.

In fact, this kind of thing is nothing in India, it's very normal.

After all, foreign-funded crematoriums have had a good reputation for a long time, and it’s not something that has only emerged now.

India has also cheated various foreign investors such as the United States in the past. It cannot be said that it is only targeting China. It treats all investors equally.

As for the mobile phone company being on various hot searches, it was related to the fact that most of the investigations in India at that time were targeting China.

Of course, this was also related to the bad relations between the two countries at the time, and India made a fuss about these things.

The epidemic is so serious that all aspects of the Indian government have been hit and pressured tremendously. This is a very serious matter.

The Indian government needs to use some events to divert internal conflicts.

For example, the border conflict and the suppression and investigation of Chinese companies are actually intended to create topics and divert attention from the increasingly serious social problems in India.

Due to years of propaganda and brainwashing by Indian politicians, the Indian people generally have great hostility towards China.

Therefore, once targeting China, it can immediately arouse the nationalism of the Indian people and win the support of the people.

This is what the old immortal likes to see the most.

He is very good at taking advantage of these emotions. His previous favoritism towards Hindus was actually a form of exploitation of nationalism.

This is a method that has worked for him time and time again, and it works wonders.

Financial factors are certainly a factor, but they pale in comparison.

After all, the epidemic has brought too much trouble to India, which is a headache for the old immortal.

Various measures targeting foreign investment have long been routine operations in India.

They will require foreign companies in India to hire a large number of local people, and even company executives must be Indians.

What is this? Foreign investment, but all the company executives are Indian?

Doesn't that mean the company is Indian? But India also has a saying that it needs to comply with Indian laws and regulations.

In short, the goal is to recruit Indians as senior executives.

There are various ways of suppressing foreign investment, but in fact, some Indian monopoly tycoons also want to seize foreign assets at low prices.

These monopoly chaebols include Tata Group, Reliance Group and Adani Group, etc.

There have been many times in history when, after foreign companies withdrew, they were unable to bring their assets in India, such as fixed assets like factories, back to their home country.

Then it can only be handled locally.

Once upon a time, General Motors of the United States wanted to dispose of a factory and planned to sell it to a company in China.

All the conditions have been agreed upon, and we just need to wait for the Indian government to agree, and then we can transfer it.

But the Indian government objected to the sale.

In short, the Indian government said that the sale was not allowed and the factory could not be sold to a Chinese company.

After this matter was ruined, General Motors had no choice but to sell the factory to Tata Group at a very low price.

The government is obviously creating opportunities for the Tata Group by suppressing it in various ways and preventing General Motors from selling the factory to others.

Then GM can only sell to Indian companies.

There are only a few companies in India.

Therefore, these benefits must have been obtained by these big companies.

There are too many such cases. Many of them are caused by large companies that have set their sights on these assets. Due to their connections in the government, naturally there are people who help them with advice.

Then they used the power of the Indian government to suppress foreign investment, and in the end the foreign investment could only leave in disgrace with a little pitiful money.

This is still considered good, otherwise they would take everything away without giving you anything and just confiscate it from you. What can you do?

Therefore, the subsequent suppression of Chinese mobile phone companies was actually due to some big Indian tycoons who had their eyes on the mobile phone industry.

In recent years, India has been touted as being able to replace China as a manufacturing powerhouse.

Lao Xian also seized the opportunity and promised various preferential policies, attracting a lot of foreign investment.

Many mobile phone companies in China are among them.

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After the marketing networks of these factories were established, some Indian companies became jealous and wanted to reap the benefits directly.

The government uses its power to put pressure on Chinese mobile phone companies in various ways. In addition to policy pressure, this pressure also includes various tax inspections and other methods.

In fact, when running a company in India, it is certain that money will be transferred out through various means.

These measures are actually legal if they are really carried out in accordance with Indian law.

Because Indian laws are fundamentally imperfect, it is very easy to find loopholes in them.

But these are nothing to the Indian government.

They can directly enact a new law, and even trace it back to decades ago.

In short, it is nonsense to want to talk about laws with the Indian government.

As long as they want to mess with you, they will use all kinds of methods.

The Enforcement Bureau is the biggest pawn of the Ministry of Finance.

Since it involves economic issues, the law enforcement bureau will naturally be dispatched.

"I think this must have been approved by the higher-ups, otherwise they wouldn't dare to do this," said Roton.

"Even if the Prime Minister agrees, this method must have been devised by the Enforcement Bureau or the Ministry of Finance," said Vides. "This matter is more or less related to Bowede. I am looking forward to the impact of this matter. It would be best if the United States and other countries also make a move. That would be really fun to watch."

Roton could understand what Widdes was thinking.

In Wides' view, these foreign companies all have deep backgrounds.

Although India has cheated these companies in the past, the government still paid a heavy price later.

You can target others, but can't others target you?

There are not many companies going overseas from India, but those foreign companies can still lobby their own governments on certain issues concerning the Indian government.

In short, people also want revenge.

This revenge is too harsh. Do we have to find someone responsible for this matter? In Vides' mind, Powede should not be able to land safely this time.

"It's hard to say. You know the current financial situation of the country." Luoton said, "The Ministry of Finance is also looking for various financial revenues. I think this matter will get great support in the end."

Rotten's words made Vides silent for a moment.

It has to be said that Widdes felt that what Roton said made some sense.

The impact of this epidemic is too great, and the government is indeed under tremendous pressure.

The primary pressure is financial issues.

You need money for various epidemic prevention activities, right? Finances were already tight, and now it is even tighter.

Without money, the country's finances will collapse.

At this time, all kinds of ways to make money will probably be tried.

"No matter what, targeting foreign investment will cause international disputes, which is a diplomatic incident with huge impact." Vides said, "I still think this matter is good for us. I'm afraid the Enforcement Bureau will not have a good time in the future."

Widers finally had his own ideas.

Roton could understand Vides's thoughts.

After all, Wisconsin does not know what the future will be like. The impact and destructive power of the epidemic are far beyond everyone's imagination.

Therefore, Nirmala's Enforcement Directorate's action against foreign investment has received huge support, not only from an economic perspective, but also from the perspective of the BJP's governance, which is a political aspect.

Targeting Chinese enterprises can bring countless benefits to the People's Party.

So, this matter is inevitable.

In Wides' mind, he probably thought that the Enforcement Agency was mainly targeting companies in developed countries such as Europe and the United States this time.

It's not appropriate for Luoton to get involved in such matters.

That is the government's decision. I am just a policeman and cannot interfere in this.

Since you have chosen to invest in India, you must be mentally prepared for various things.

Foreign-funded crematoriums did not appear today.

India's international reputation has always been poor. If you dare to invest here, you must be prepared to be eaten up.

"I think you should be more careful," said Roton. "The Enforcement Bureau must have the confidence to do this. The new Minister of Finance is definitely not a pushover. Don't underestimate her just because she's a woman. She hasn't made any big moves yet, because she hasn't really gotten into the swing of things. This time, targeting foreign investment, I dare say she must have received all kinds of support from above, not just from the Prime Minister, but also from some other chaebols."

"Chaebol? What does it have to do with them?" asked Vides.

If Nirmala has the support of the old immortal, then he approves of it.

After all, Nirmala would definitely not dare to make a decision on her own regarding such a major matter.

"This time the law enforcement agency is targeting foreign capital. Who do you think will take over?" asked Roton.

This silenced Vides.

"Are you saying that this incident was also driven by these chaebols behind the scenes?" asked Vides.

Tata Group and Reliance Group have done this kind of thing before, so Vides is certainly aware of it.

"It doesn't matter whether they pushed for it or not. What matters is that this matter is of great benefit to them. I think with the support of the top leaders of the People's Party and the power of these chaebols, the power of the new finance minister this time will probably far exceed that of his predecessor." Roton said, "The increase in the power of the Ministry of Finance means the same for the Enforcement Bureau."

These words from Rotten made Vides feel depressed.

That's true.

I was originally feeling a bit gloating, but now I realize that this is probably a terrible thing.

I don’t know whether my Central Bureau of Investigation will be affected.

"Of course, the Central Bureau of Investigation is trying not to get involved in economic issues now. I don't think they will go too far, right?" Roton said again.

"I hope so." Vides sighed.

He doesn't have much confidence about these things now.

After all, the Enforcement Bureau still receives tremendous support, while the Central Bureau of Investigation has suffered tremendous suppression.

If any contradiction or conflict really occurs between the two, it will most likely be the Central Bureau of Investigation that suffers in the end.

(End of this chapter)