CEO Killed by Laid-Off Workers in India

The UK’s TimesOnline is reporting: “Corporate India is in shock after a mob of sacked workers bludgeoned to death the chief executive who had dismissed them from a factory in a suburb of Delhi. Lalit Kishore Choudhary, 47, the head of the Indian operations of Graziano Transmissioni, an Italian-headquartered manufacturer of car parts, died of severe head wounds on Monday afternoon after being attacked by scores of laid-off employees, police said.” Click here for the full story.

As bizarre as the incident is, foreign investors would be foolish to dismiss as something that could never happen again. Anyone investing in India should be seriously concerned, especially all the VCs who have raised India-focused funds of late, as Alex reported yesterday.