If there were any lingering doubts that India’s Ministry of forests and environment (MoEF) succumbed to government pressure in permitting the potentially disastrous POSCO project, it has surely now been laid to rest.
In this article, Times of India journalist Nitin Sethi confirms – if confirmation were needed – that India’s former environment minister “overlook[ed] the reservations about [the project’s] violation of law by his own expert panel”.
See http://www.minesandcommunities.org/article.php?a=11119&l=1.
British-based investors in South Korean company POSCO include Barclays, Alliance Bernstein/Alliance Bernstein Global Wealth Management, Foreign and Colonial Investment Trust PLC, and Henderson Far East Income Limited: see http://moneytometal.org/index.php?title=Special%3ASearch&search=Posco&go=Go.