Without such values, it is like a ship sailing in the sea losing its direction and eventually being submerged by the sea. Then in the economic society, there are such a group of old lai, who are in arrears with their wages and have no shame.
family business
In the 1980s, after graduating from college, Mukson and Anthony joined the Reliance Group founded by their father, which can be said to be a real family business. At this point, he became his father's right-hand man, in charge of part of the group's business. With the efforts of the whole family, Reliance Group is developing better and better. In 2003, the assets of the company once accounted for 3% of India's GDP that year. It can be said that three out of ten Indian investors hold his shares.
Of course, the accumulation of wealth is not as easy as outsiders seem, and the bitterness is only clear to them, but it is not enough to think that outsiders are humanitarian.
Inheritance of wealth
God forbid, in the second half of life, the father of Mukson and Anthony died suddenly, which is no small matter for a big family to inherit wealth. Because their father didn't have time to make a will, they embarked on the road of competing for property. The once harmonious family atmosphere suddenly became dark.
Because of this incident, the two brothers quarreled and had great differences on the management right of the company. Through constant operation, my brother Muxon once made Anthony lose the management right in the company. Therefore, the two had to solve the problem of the ownership of family property through the judicial organs.
For a large group like Reliance Group, it is disgraceful to compete for property, which will also affect the company's reputation. But strangely, the shares of Reliance Group have indeed gone red all the way, and the company's assets have increased. After twists and turns of mediation, the problem between the two brothers was finally solved under the mediation of the court.
After the re-division of Reliance Group's business, Anthony made the telecom business bigger and bigger, once started the American business, and acquired the largest broadband service provider in the United States with a capital of 300 million US dollars. At this time, Anthony was in charge of the company's business, which can be said to be a step up.
With the continuous expansion of the company, the company's decision-making level saw the future business needs and constantly purchased telecommunications equipment. Of course, they found the advantages of China's equipment, with better price and performance. This led to tens of billions of orders. But the company didn't have that big cash flow, so they borrowed money from several big banks in China to buy telecom equipment.
This was originally a good thing, but there was a shadow of blessing and misfortune. The financial crisis in 2008 swept the world, and the losses were not small. At that time, the downward pressure of the economy and Anthony's wrong business decision in the company led to a sharp decline in the company's assets, and the company was unable to operate. When the company was unable to pay its debts, it tried to borrow money from China again. At this time, their loans in several major banks in China have reached 654.38+200 million RMB.
Anthony tried to get through the crisis by robbing Peter to pay Paul, but this way did not conform to the economic law. In the end, Anthony's debt snowballed, reaching $6 billion, which eventually dragged him down.
Due to the long-term non-payment of debts, three domestic banks filed a lawsuit against them at the end of 20 19, demanding them to repay their debts within the specified time and pay corresponding liquidated damages. China Industrial and Commercial Bank also sent a lawyer's letter asking for the arrears, but the result was obviously in vain. But at that time, he was unable to repay his debts. He said that he had never provided any property guarantee about himself. In fact, it's not that he has no money, but he just refuses to pay it back.
However, the court still maintained an attitude towards the plane and villa under his name, so he didn't have nothing. There are several villas and many luxury cars under his name. He lives a luxurious life every day, but what Anthony owes him is "old laziness", but he just doesn't pay it back. Seeing this form, he chose to appeal to the High Court. Instead, in May 2020, the court rejected his appeal and asked him to pay 7170,000 US dollars, or about 5 1 billion RMB, to the China creditor consortium within 2 1 day.
However, my brother is the opposite. With his hard work and wisdom, Mukson has developed smoothly and is in charge of India's energy industry. Oil and assets are also accumulating. Once won the richest man in Asia, with assets reaching hundreds of billions. Focus on your own career and help Reliance Group become bigger and stronger.
For such a tycoon with deep pockets, it is a piece of cake for him to help his brother pay off the loan of10 billion. After all, his brother is rich in money. He spent 654.38 billion+0.5 billion to buy a top villa and hired hundreds of nannies for his daily needs, which can be described as luxury.
According to incomplete statistics, the assets of the two brothers Muxon and Anthony's family have reached an astonishing 350 billion yuan, so compared with the 654.38+02 billion yuan owed to China, it is simply nine Niu Yi hairs, but the two brothers have no intention of paying back the money. The wealth owned by this eldest brother is comparable to the assets of several countries, and even they spend hundreds of millions on weddings for their daughters and enjoy their own lives.
As the largest developing country, China has done its best to help other developing countries in the world, both economically and humanitarianism, and it is very generous. But for India, two rich people who are obviously rich but unwilling to pay their debts, we can only say that only the continued prosperity of the family can go further.
The attitude towards money in life is enough to reflect a person's wisdom in life. Fielding said that if you regard money as God, it will torture you like the devil. Therefore, to arrange your property reasonably, you must have good moral character, such as honesty. After all, there are many black sheep, and Anthony's "old laziness" behavior will undoubtedly make him put a question mark on the image of the mall, so in order to go further, I hope Anthony will repay as soon as possible.