Mogg dumps shares in abortion pill company
Firm No 2 linked to pro-life MP
than six million a year are carried out on the subcontinent. The MP for North East Somerset said he did not make investment decisions and defended the holding in the Indian firm as “very small in proportion to total assets”.
The £467,800 worth of shares was just a tenth of the £4.8million that Somerset Capital still holds in Kalbe Farma.
But the MP added of the FDC holding: “I am glad to say it’s a stock that we no longer hold. I would not try to defend investing in companies that did things I believe are morally wrong.”
FDC, which exports to 50 countries, produces two drugs which, when used together, produce a termination of the same sort routinely given by the NHS.
The Mumbai-based firm makes misoprostol under the brand name Misolast and mifepristone branded as Undo. Indian drugs website Inpharmation lists both drugs as being for the termination of pregnancy.
Misoprostol can also be prescribed to prevent stomach ulcers, but will induce labour in pregnant women. In pregnancies of up to 12 weeks, it results in a termination in nine out of ten cases.
TABLETS OF STONE Rees-Mogg is unyielding on abortion