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India - Ramky III
Complaint |
The CAO received two complaints, Ramky I and II, in August and September 2005, respectively. They were not eligible for assessment and the CAO closed the complaints. A third complaint was filed on October 14, 2007 signed by residents of the village of Gummidipoondi, Southern India, and the Corporate Accountability Desk in Mumbai. The complaint relates to the operations of an integrated hazardous waste treatment facility operated by the Ramky Group in the SIPCOT Industrial Area near Gummidipoondi village. Specific concerns raised in the complaint are:
- The local community has not given statutory permissions to the company to proceed – the local Panchayat has issued resolutions against the project;
- The environmental permitting process was flawed – an incomplete EIA was presented at public hearings;
- As a result, the complainants believe that the project violates municipal laws and IFC regulations.
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IFC Interest |
IFC disclosed its Summary of Project Information (SPI) on 10 May 2005. According to this information, IFC is proposing to provide up to US$20m in financing to the Ramky Group. Investments were made on 11 January 2008. The project purpose is to design, build and operate hazardous and municipal waste facilities at multiple locations in India. The project has been defined as Category B with respect to environmental and social impacts.
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CAO Findings |
The CAO notified the President, Board and public that this complaint met its eligibility criteria for assessment on November 14, 2007. Confirmation was received from community leaders of their support of the complaint.
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Current Status |
On March 31, 2008, the CAO concluded that this complaint was not amenable to resolution through the Ombudsman. The case was transferred to CAO Compliance for an appraisal of whether the issues it raises merit an audit of IFC.
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Last updated: 04/25/2008
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