London: The UK's Opposition, Labour Party, has called for Vedanta to be delisted from the London Stock Exchange following the death of 13 people during violent protests against the mining giant in Tuticorin, Tamil Nadu.
John McDonnell, the UK's Shadow Chancellor, said removing Vedanta Resources from the London financial markets would prevent reputational damage from the "rogue" company which has been operating "illegal" mining concerns for years.
"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,” McDonnell said in a statement on Friday.
Violent protests had erupted in Tuticorin on Tuesday as locals took to the streets demanding closure of a copper factory of the Vedanta group over pollution concerns.
"The news from Tamil Nadu that 13 protestors 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,” he said.
The statement from the senior Labour MP, who highlighted that campaigners and international NGOs like Amnesty Interna...