UK opposition party wants Vedanta to be delisted from LSE over Tuticorin issue
London, May 26: Following the death of 13 people in police firing in anti-Sterlite protest in Tuticorin, the UK opposition party has called for delisting of Vedanta from the London Stock Exchange.
The Tuticorin copper smelter is run by Indian subsidiary Vedanta Ltd's Sterlite Copper unit.
"The news from Tamil Nadu that 13 people protesting against Vedanta have been killed is shocking and demands action. This is a major multinational company that for years has operated illegal mining concerns, trashing the environment and forcibly evicting local people," said John McDonnell MP, Labour's Shadow Chancellor,in a statement on Friday adding that campaigners and international NGOs like Amnesty International have accused Vedanta of a string of human rights and environmental abuses in India, Zambia and across the globe
"After the massacre of the protestors this week, regulators must now take action. Vedanta must be immediately delisted from the London Stock Exchange to remove its cloak of respectability, restore confidence in the governance of the Stock Exchange, and prevent further reputational damage to London's financial markets from this rogue corporation," he added.
The Madras High Court on Wednesday ordered a stay on the expansion of the copper plant.
But the Union Environment Ministry had given clearance to the controversial Sterlite plant in Tamil Nadu's Tuticorin or Thoothukudi after getting a go-ahead from the state pollution control board, an official said on Friday, dismissing the allegations that the Central government had directly cleared the copper smelting unit.
"No unit can operate in India, primarily, without the environmental clearance by the local pollution control board and this forms the basis for us to give environmental clearances," the official said, requesting anonymity because he was not authorised to speak to the media over the issue.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Five suspects held for alleged murder of Congress activist Ganesh Gowda in Chikkamagaluru
Chikkamagaluru: Five activists of BJP and Bajrang Dal were arrested by the Sakharayapatna Police for alleged murder of Congress activist and Sakharayapatna Gram Panchayat member Ganesh Gowda (38) on Friday night, following a fight over a banner.
Three of the arrested men, Sanjay, Bhushan and Mithun, are known to be BJP members.
An argument broke out between two groups in Sakharayapatna of Kadur taluk two days ago regarding a banner for observation of ‘Datta Jayanti’. The argument continued and intensified into a fight on Friday night near a bar in the village. Shortly later, at around 10:30 pm, a group of eight miscreants on motorbikes is learned to have stopped Gowda, who was traveling in a car on the Kalmurudeshwara Mutt Road and attacked him with lethal weapons.
A seriously injured Gowda reportedly died on the spot.
One of the suspects, Sanjay, was also injured in the attack and is being treated at the Chikkamagaluru Mallegowda District Hospital.
Sakharayapatna Police have registered a case and are investigating.
Chikkamagaluru Superintendent of Police Vikram Amte has said that, as precautionary measure, security has been beefed up in the village.
“While four special teams have been formed for investigation, five of the suspects have already been taken into custody. We are still probing the incident,” he added.
