The Canadian Association Against Impunity (CAAI) claims that Anvil Mining are directly responsible for arming the Congolese military during a bloody struggle which left scores raped and 100 people dead. Planes, trucks and drivers were provided to the military of the World’s poorest nation as they swept through the port city of Kilwa. The port is crucial for the daily export of $500,000 worth of copper and silver, much from the nearby Kinsevere mine. Read more...
Leaving aside the legion of lawsuits trailing BP in the wake of the Deepwater Horizon disaster last year, BP’s American subsidiary, Atlantic Richfield Co. (ARCO), has had a busy week in the courts so far.
In a mammoth case of corporate fraud dubbed the Indian Enron, Mahindra Satyam, formerly known as Satyam Computer Services, has agreed to pay $125 million to settle its shareholder suit in a New York federal court.
The IT giant admitted to major inconsistencies in its accounts, amounting to a 100 billion rupees ($2.2 billion) deficit between its announced September 2008 accounts and its actual books.