The protesters are calling for Vedanta and the Zambian government to release KCM’s annual reports that contain figures on profits and tax payment, which were currently kept secret.
“Figures from Vedanta’s own documents, revealed in the report, suggest that KCM made $362 million in 2013, contrary to its own claims that it was making a loss and may need to be saved by the Zambian government,” Foil Vedanta stated in part. “In the UK, Foil Vedanta will continue to echo the calls of parliamentarians and financiers to formally investigate and bring Vedanta to trial for its environmental and humanitarian crimes and poor corporate governance.”
Foil Vedanta noted that since its report was published in late January, Vedanta executives had visited Zambia more than four times, and claimed that the report was misleading and incorrect.
“However, as of yet no evidence has been presented by Vedanta to dispute the figures and other claims presented in the report,” it noted in part.
GOVERNMENT SHOULD COME OUT ON THIS ISSUE. Umukuba Basenda Without Us Benefiting!