Friday 25 May 2018 / 12:50 PM Economy / John McDonnell

John McDonnell calls for Vedanta to be delisted from the London Stock Exchange

John McDonnell MP, Labour’s Shadow Chancellor, calls for Vedanta to be delisted from the London Stock Exchange:

“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. 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.”