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RAID vs. Binani

Case overview

Date filed 1 May 2001
Current status Withdrawn
Issue Binani's corruption in mining industry Zambia
Summary of the case 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.


Developments/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.
Relevant OECD Guidelines
Case keywords Extractives / mining sector, Labour rights, Seeking/ accepting exemptions, Human rights, Taxation, Bribery / Corruption

NCP Information

NCP name National Contact Point United Kingdom
NCP address 1-19 Victoria Street SW1H 0ET London, United Kingdom
NCP website www.berr.gov.uk
Other NCPs involved

Complainants

NGO

Company Information

Company responsible Binani Industries Ltd.
Company address 12, J.N. Heredia Marg
400 001 Mumbai
India
Company website http://www.binani.com/
Company in violation Ramco
Country of operations Zambia
Other companies involved

Timeline of developments

Some developments are only visible to logged in users.
Date Actor Action Description Document
1 June 2003 Rights and Accountability in Development case dropped Ramco has gone into receivership. Complainant withdraws case after Ramco is liquidated.  
10 May 2001 National Contact Point United Kingdom letter NCP states that it thought the complaint fit better under OECD Convention on Bribery and forwards it to the UK Home Office.  
1 May 2001 Rights and Accountability in Development file Complaint filed with UK NCP.  

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