Techotic

Another day another lawsuit. And here I begun to think that it was only the US who sued so much. Well thanks to a story that one Indian man (who happens to be one of the worlds richest persons) believes destroyed his good name and among other things is suing his brother, Time Magazine for a whopping 100 billion rupees which works out to be $2 billion (or a little less taking into account or economy).

This is the text that made Mr. Anil Ambani want to sue:

What most distinguishes Reliance from its rivals is what Mr. Ambani’s friends and associates describe as his “intelligence agency,” a network of lobbyists and spies in New Delhi who they say collect data about the vulnerabilities of the powerful, about the minutiae of bureaucrats’ schedules, about the activities of their competitors.

Mr. Ambani said in the interview that all such activities were overseen by his brother before they split, and had since been expunged from his tranche of the company. “We de-merged all of that,” he says, breaking out in a belly laugh. A spokesman for Anil Ambani declined to comment.

I’d like to see where Times is gonna get this money taking into account that they are losing revenue.

$2 billion lawsuit thanks to Time Magazine