Home Complaints database RAID vs. Binani
Complaint

RAID vs. Binani

Binani’s corruption in mining industry Zambia

Date filed
1 May 2001
Keywords
Countries of harm
Current status
Withdrawn
Sector
NCP

Allegations

Binani, an Indian-based metalworking company that registered on the UK stock exchange, purchased the Ramco copper mine in Zambia. Ramco later went into receivership. The complaint alleges corruption and mismanagement.

Relevant OECD Guidelines

Outcome

In May 2001, the UK NCP stated that it thought the complaint fit better under OECD Convention on Bribery and forwarded it to the UK Home Office. After nine months, the Home Office decided it would not pursue the case and sent it back to the NCP.

In June 2003, Ramco went into receivership. The case continued against Binani in the UK, but the complainant dropped it when Ramco was liquidated.

More details

Defendant
Company in violation
Complainants
Affected people
Date rejected / concluded
1 June 2003

Documents

  • case dropped
    1 June 2003

    Ramco has gone into receivership. Complainant withdraws case after Ramco is liquidated.

    RAID
  • letter
    10 May 2001

    NCP states that it thought the complaint fit better under OECD Convention on Bribery and forwards it to the UK Home Office.

    NCP UK
  • file
    1 May 2001

    Complaint filed with UK NCP.

    RAID