Sunday, June 28, 2009

The Act of Baseless Speculation

Some of you commented on the post below as to whether the ruckus raised by the media in general, and Manorama in particular, had anything to do with the withdrawal of Lanco. Here is what the company said in its press statement about its reasons to withdraw from the Rs 8000 Crore Vizhinjam Deep-water Transshipment Terminal Project.

"“Subsequently, the protracted litigations and an atmosphere vitiated by baseless speculations have altered our due diligence perspectives on the project." Link

Doesn't that sound familiar?

You Decide.....and Take Action!

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Thanks for your comment, I will take a look at it and put it up at the earliest.