Tag: checked
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US says Dow Chemical fined $325,000 for bribing foreign officials
REUTERS, FEBRUARY 13, 2007 AT THE HELM OF THIS CORRUPT COMPANY: Andrew Liveris Chairman of the Board, President, Chief Executive Officer Salary: USD 1,087,500 Bonus: USD 2,250,000 Age: 51 Full Management Team Insider Trading WASHINGTON, Feb 13 (Reuters) – Dow Chemical Co. (DOW.N: Quote, Profile, Research) agreed to pay a $325,000 civil penalty to settle…
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Dow Chemical caught bribing Indian officials, fined $325,000
SIOBHAN HUGHES, DOW JONES NEWSWIRES, FEBRUARY 15, 2007 WASHINGTON — Dow Chemical Co. will pay a $325,000 civil penalty to settle charges that a subsidiary made improper payments to Indian government officials who held sway over regulatory approvals for the company’s pesticides, the Securities and Exchange Commission said.
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Dow Chemical caught bribing Indian government officials
Bhopal Gas Peedit Mahila Stationery Karmachari Sangh Bhopal Gas Peedit Mahila Purush Sangharsh Morcha Bhopal Group for Information and Action Bhopal ki Aawaaz February 16, 2007 Press Statement At a press conference today, leaders of four Bhopal survivors and support organisations called on the Government to lodge an FIR against The Dow Chemical Company (USA)…
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Ratan Tata, agent of American multinationals, offers to facilitate Union Carbide’s re-entry into India
BHOPAL SURVIVORS CALL FOR ACTION AGAINST TATA GROUP Tata Group chairman Ratan Tata has written to the Indian Government offering to set up a fund to clean up toxic wastes and contamination in and around the Union Carbide’s abandoned pesticide factory in Bhopal, according to a January 17, 2007, article in the Indian Express. On…
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Tata FAQ #1: What is Tata’s proposed involvement in Bhopal?
A January 1, 2007 article published in The Indian Express, announced that, “Tata group chairman Ratan Tata has volunteered his services to the UPA government for “remediation” of the Bhopal gas tragedy site to pave the way for Dow Chemicals, now the majority stakeholder of Union Carbide Ltd, to invest in India.” In a letter…
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Tata FAQ #2: What did Tata have to say in response to protest by victimized communities?
Following the first set of protests by the gas-affected community against Tata’s proposed initiative, a Tata Group Spokesperson insisted that there seemed to be some misunderstanding. The spokesperson explained that they thought a fund should be established, “… to bring like-minded corporates to contribute …”, and insisted that such a fund would be “… independent…
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Tata FAQ #3: What is Ratan Tata’s motive in this whole affair, how and why did he get involved?
Ratan Tata’s offer follows directly from a recommendation made at the US – India Economic Partnership CEO forum in March 2006, which he co-chaired along with the American CEO of JP Morgan Chase, William B. Harrison Jr. Recommendation V to encourage trade and investment names the need to set up a “dispute settlement mechanism” for…
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Tata FAQ #4: What harm would it do if Tata’s proposal were to be accepted? At least the site would be cleaned up, wouldn’t it?
The Tata’s proposal shifts the burden of remediation from that of a legal liability shouldered by the polluting company, to charitable donations by benevolent corporations. This precedence for dealing with industrial disasters creates a far more attractive climate in India for American Investment. Under the rubric of “corporate responsibility”, rather than corporate liability, Multinational corporations…
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Tata FAQ #6: What precedent would be set if Tata were to take responsibility for organizing the clean-up?
Were Tata to take responsibility for organizing the clean-up via voluntary corporate contributions to a designated fund, a precedent would be set whereby the environmental health of a community becomes the responsibility of optional charity work, rather than a legal right to be protected against unsafe practices of multi-national corporations. By allowing liability to be…
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Tata FAQ #7: What are the environmental health risks in Bhopal related to the abandoned Union Carbide Factory?
The corporation has been well aware of the environmental health effects on and around the Union Carbide plant for almost 20 years. A 1989 Union Carbide internal correspondence document demonstrates that the corporation had conclusive proof with regard to the poisoning of ground water within the factory premises. The report states that during tests to…
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Tata FAQ #8: Isn’t it dangerous for people to continue living in the communities affected by ground water contamination?
Indeed it is a dangerous place to live on and if there were options people would have moved out particularly after finding out about the chemicals and their effects. Majority of the residents of these communities are among the poorest in the city and have settled in these communities because they could not afford to…
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Tata FAQ #9: Why are survivors of the Gas Disaster, residents of communities affected by contamination, and the organizations that support them opposed to Tata’s proposal?
The survivors’ movements and the NGO’s that support them are extremely concerned with cleaning up the contaminated water supply. Last year survivors marched the 800 kilometers to Delhi, which took 33 days and then went on hunger strike in an appeal to the Indian Government; their principal demands included supply of safe water and clean…
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Tata FAQ #10: What reasons do you have to think that TATA is not concerned about people in Bhopal?
Tata has waited 22 years before making this “public spirited” offer. Over the course of the past two decades the only response to the disaster from the Tata family was condemnation of Anderson’s arrest in 1984. Now, the very official who denied Anderson’s extradition from the US to stand trial in India, David Goodman, is…
