India is in the process of taking some incredibly bad steps to crush investor rights. How? They're currently working to setup defense funds for corporations which are sued for Securities violations. This is all being funded by SEBI (the Securities and Exchange Board of India.) On the outside this might look like a great thing for those companies but you need to get a bigger picture to see the whole thing. Read more on Scott's Blog here.

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Updated June 2nd, 2009