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Adani Ports removed from Dow Jones Indices for involvement with Myanmar military

Adani Ports removed from Dow Jones Indices for involvement with Myanmar military S&P Dow Jones Indices said that the decision was taken after an analysis was conducted on the company post the news reports over its alleged commercial link with the Myanmar military. By IANS|   Published: 14th April 2021 5:00 pm IST The change will come into effect prior to the opening of the indices on Thursday. In a statement, S&P Dow Jones Indices said that the decision was taken after an analysis was conducted on the company post the news reports over its alleged commercial link with the Myanmar military.

Myanmar Military Conglomerate Sanctioned by U K

The company, which has dozens of subsidiaries, was sanctioned last month by the U.S. The city of Yangon in the evening. (Source: Alexander Schimmeck, via Unsplash) By Samuel Rubenfeld and Helen Koo Wednesday, April 7, 2021 The U.K. last week sanctioned Myanmar Economic Corporation (MEC), a military-linked conglomerate, over its involvement in human rights abuses following the coup. MEC, which has dozens of subsidiaries involved in manufacturing, mining and telecommunications, was also sanctioned last month by the U.S., and is listed by Canada. Though the firm is owned in practice by the Myanmar defense ministry, it is associated with the Tatmadaw, the armed forces, according to a sanctions notice issued by the U.K. government. 

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