28 March 2012
Press Release
In a report released today, Asset laundering and AIM: Congo, corporate misconduct and the market value of human rights, the business and human rights organisation Rights and Accountability in Development (RAID) catalogues the inadequacies of the London Stock Exchange’s regulatory framework. The Central African Mining and Exploration Company plc (CAMEC) was allowed to trade and flourish on London’s junior Alternative Investment Market (AIM) despite its close links to Robert Mugabe’s ZANU PF party (Zimbabwe), the dubious provenance of its Congolese mining assets and the unsavoury reputation of key business associates.
See executive summary here and full report here.
download report