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LATEST NEWS UPDATES | Dow 'traded via 'web of intermediaries' to avoid product ban in India </title>
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Controversial London 2012 Olympics sponsors Dow Chemical Company secretly traded through a web of intermediaries to avoid a legal ban imposed on selling products in India after the Bhopal gas tragedy that killed nearly 25,000 people, it has..."/>
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Controversial London 2012 Olympics sponsors Dow Chemical Company secretly traded through a web of intermediaries to avoid a legal ban imposed on selling products in India after the Bhopal gas tragedy that killed nearly 25,000 people, it has..." />
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<h1 class="cat-box-title">Dow 'traded via 'web of intermediaries' to avoid product ban in India</h1>
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<div style="text-align: justify">-The Indian Express</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Controversial London 2012 Olympics sponsors Dow Chemical Company secretly traded through a web of intermediaries to avoid a legal ban imposed on selling products in India after the Bhopal gas tragedy that killed nearly 25,000 people, it has emerged.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to 'The Independent', legal documents have revealed that Dow continued to permit the unlawful practice started by Union Carbide Corporation (UCC), the company responsible for the disaster, after it bought the firm in 2001.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The multimillion-dollar sales, made possible by a web of independent intermediary companies, breached a 1992 ruling by an Indian court, which prohibited the sale of UCC products without court approval.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It was issued to compel Union Carbide-authorised officials to return to India to face criminal charges for culpable homicide relating to the 1984 gas explosion.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the report, the court documents showed that in 2001 Dow became central to all aspects of the trading arrangement, including setting of prices for the chemicals, cables and wires sold to India, which were ultimately to enter the country as products unconnected to Union Carbide.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The documents emerged in a US court case brought by the intermediary companies against Dow and Union Carbide for violations of anti-trust laws and breach of contract, the paper said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the paper, Dow said that the documents were taken out of context.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">“None of the alleged business transactions cited as violating the 1992 court order involved products or technologies that are covered by the court order which only applied to UCC properties in India. It did not apply to UCC products or technologies acquired overseas and brought into India by other separate companies,” the firm said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">London 2012 Olympics organising committee (Locog), which has been widely criticised for awarding a seven million pounds sponsored fabric wrap around the outside of the east London Olympic stadium to Dow, declined to comment.</div>
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<br><a href="http://www.indianexpress.com/news/dow-traded-via-web-of-intermediaries-to-avoid-product-ban-in-india/911492/" class="re" target="_blank">The Indian Express, 13 February, 2012, http://www.indianexpress.com/news/dow-traded-via-web-of-intermediaries-to-avoid-product-ban-in-india/911492/</a><div class="clear"></div>
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LATEST NEWS UPDATES | Dow 'traded via 'web of intermediaries' to avoid product ban in India </title>
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Controversial London 2012 Olympics sponsors Dow Chemical Company secretly traded through a web of intermediaries to avoid a legal ban imposed on selling products in India after the Bhopal gas tragedy that killed nearly 25,000 people, it has..."/>
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<h1 class="cat-box-title">Dow 'traded via 'web of intermediaries' to avoid product ban in India</h1>
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<div style="text-align: justify">-The Indian Express</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Controversial London 2012 Olympics sponsors Dow Chemical Company secretly traded through a web of intermediaries to avoid a legal ban imposed on selling products in India after the Bhopal gas tragedy that killed nearly 25,000 people, it has emerged.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to 'The Independent', legal documents have revealed that Dow continued to permit the unlawful practice started by Union Carbide Corporation (UCC), the company responsible for the disaster, after it bought the firm in 2001.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The multimillion-dollar sales, made possible by a web of independent intermediary companies, breached a 1992 ruling by an Indian court, which prohibited the sale of UCC products without court approval.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It was issued to compel Union Carbide-authorised officials to return to India to face criminal charges for culpable homicide relating to the 1984 gas explosion.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the report, the court documents showed that in 2001 Dow became central to all aspects of the trading arrangement, including setting of prices for the chemicals, cables and wires sold to India, which were ultimately to enter the country as products unconnected to Union Carbide.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The documents emerged in a US court case brought by the intermediary companies against Dow and Union Carbide for violations of anti-trust laws and breach of contract, the paper said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the paper, Dow said that the documents were taken out of context.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">“None of the alleged business transactions cited as violating the 1992 court order involved products or technologies that are covered by the court order which only applied to UCC properties in India. It did not apply to UCC products or technologies acquired overseas and brought into India by other separate companies,” the firm said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">London 2012 Olympics organising committee (Locog), which has been widely criticised for awarding a seven million pounds sponsored fabric wrap around the outside of the east London Olympic stadium to Dow, declined to comment.</div>
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<br><a href="http://www.indianexpress.com/news/dow-traded-via-web-of-intermediaries-to-avoid-product-ban-in-india/911492/" class="re" target="_blank">The Indian Express, 13 February, 2012, http://www.indianexpress.com/news/dow-traded-via-web-of-intermediaries-to-avoid-product-ban-in-india/911492/</a><div class="clear"></div>
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Controversial London 2012 Olympics sponsors Dow Chemical Company secretly traded through a web of intermediaries to avoid a legal ban imposed on selling products in India after the Bhopal gas tragedy that killed nearly 25,000 people, it has..."/>
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<h1 class="cat-box-title">Dow 'traded via 'web of intermediaries' to avoid product ban in India</h1>
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<div style="text-align: justify">-The Indian Express</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Controversial London 2012 Olympics sponsors Dow Chemical Company secretly traded through a web of intermediaries to avoid a legal ban imposed on selling products in India after the Bhopal gas tragedy that killed nearly 25,000 people, it has emerged.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to 'The Independent', legal documents have revealed that Dow continued to permit the unlawful practice started by Union Carbide Corporation (UCC), the company responsible for the disaster, after it bought the firm in 2001.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The multimillion-dollar sales, made possible by a web of independent intermediary companies, breached a 1992 ruling by an Indian court, which prohibited the sale of UCC products without court approval.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It was issued to compel Union Carbide-authorised officials to return to India to face criminal charges for culpable homicide relating to the 1984 gas explosion.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the report, the court documents showed that in 2001 Dow became central to all aspects of the trading arrangement, including setting of prices for the chemicals, cables and wires sold to India, which were ultimately to enter the country as products unconnected to Union Carbide.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The documents emerged in a US court case brought by the intermediary companies against Dow and Union Carbide for violations of anti-trust laws and breach of contract, the paper said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the paper, Dow said that the documents were taken out of context.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">“None of the alleged business transactions cited as violating the 1992 court order involved products or technologies that are covered by the court order which only applied to UCC properties in India. It did not apply to UCC products or technologies acquired overseas and brought into India by other separate companies,” the firm said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">London 2012 Olympics organising committee (Locog), which has been widely criticised for awarding a seven million pounds sponsored fabric wrap around the outside of the east London Olympic stadium to Dow, declined to comment.</div>
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<br><a href="http://www.indianexpress.com/news/dow-traded-via-web-of-intermediaries-to-avoid-product-ban-in-india/911492/" class="re" target="_blank">The Indian Express, 13 February, 2012, http://www.indianexpress.com/news/dow-traded-via-web-of-intermediaries-to-avoid-product-ban-in-india/911492/</a><div class="clear"></div>
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LATEST NEWS UPDATES | Dow 'traded via 'web of intermediaries' to avoid product ban in India
Dow 'traded via 'web of intermediaries' to avoid product ban in India
Published on Feb 13, 2012
Modified on Feb 13, 2012
-The Indian Express
Controversial London 2012 Olympics sponsors Dow Chemical Company secretly traded through a web of intermediaries to avoid a legal ban imposed on selling products in India after the Bhopal gas tragedy that killed nearly 25,000 people, it has emerged.
According to 'The Independent', legal documents have revealed that Dow continued to permit the unlawful practice started by Union Carbide Corporation (UCC), the company responsible for the disaster, after it bought the firm in 2001.
The multimillion-dollar sales, made possible by a web of independent intermediary companies, breached a 1992 ruling by an Indian court, which prohibited the sale of UCC products without court approval.
It was issued to compel Union Carbide-authorised officials to return to India to face criminal charges for culpable homicide relating to the 1984 gas explosion.
According to the report, the court documents showed that in 2001 Dow became central to all aspects of the trading arrangement, including setting of prices for the chemicals, cables and wires sold to India, which were ultimately to enter the country as products unconnected to Union Carbide.
The documents emerged in a US court case brought by the intermediary companies against Dow and Union Carbide for violations of anti-trust laws and breach of contract, the paper said.
According to the paper, Dow said that the documents were taken out of context.
“None of the alleged business transactions cited as violating the 1992 court order involved products or technologies that are covered by the court order which only applied to UCC properties in India. It did not apply to UCC products or technologies acquired overseas and brought into India by other separate companies,” the firm said.
London 2012 Olympics organising committee (Locog), which has been widely criticised for awarding a seven million pounds sponsored fabric wrap around the outside of the east London Olympic stadium to Dow, declined to comment.
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