Actually, the Indian government's laws and regulations prevented Union Carbide from directly supervising the plant it had paid for. The plant was an all-Indian operation not subject to foreign corporate control. Nonetheless, the disaster resulted in a complete write-off of the plant for Union Carbide and a payment of $500m to the victims. All for an incident for which Union Carbide had no management responsibility and was basically a passive investor not very different from someone who buys stock in a corporation, thanks to Indian rules.
Re Enron - it's a case study in Indian corruption and malfeasance, but Indians will always have special reasons for why the foreigner is once again to blame. And this too-clever-by-half obscurantism is precisely why India's per capita growth rate will continue to lag not only its ex-communist neighbor to the northeast (China), but the up-and-coming ex-communist nations to its east and southeast (Vietnam, Cambodia and Laos). All this while Indians continue to tug away at the Gordian knot that will one day unravel the ways in which the foreigner is to blame for all of India's problems.
Sorry, but you are wrong (deliberate misiformation?). The plant was majority controlled by Union Carbide and run by its appointed Indian staff. All they could cry was 'sabotage'. See the wiki entry :
http://en.wikipedia.org/wiki/Bhopal_disaster
And you have nothing to say about your bogus figure of land cost for the POSCO plant - it seems they owe only 10 mil or so US$ for 1700 acres, a pathetically low figure which seems to be at the root of their problems.