Tata Steel to face criminal probe in Netherlands over pollutantsTATASTEEL - 1129 Change: -51.35 (-4.35 %)
News: As per media sources, Tata Steel will face a criminal probe in the Netherlands after the Dutch public health agency found higher concentrations of metals and carcinogens around its IJmuiden factory than the company’s own figures. The Public Prosecution Service said it is investigating Tata Steel and Harsco Metals Holland BV over whether they intentionally and unlawfully introduced hazardous substances into the soil, air or surface water.
Views: Tata Steel has indicated that it will cooperate with the prosecution service and is looking forward to the results of the investigation. We await further information in this respect. However prima facie this is likely to be sentimentally negative for the stock.