ANZ refuses to help evictees of senator’s sugarcane farm

15 August 2014
The Cambodia Daily
Agricultural production / Banking and financial services / Economic land concessions and plantations / Economy and commerce / Human rights / Investment / Land / Social development / Sugar / The poor
ANZ Royal Bank / Grant Knuckey / Kim Heang / Ly Yong Phat / Phnom Penh Sugar Company

About 100 villagers who lost land to a sugarcane plantation, which was until recently financed by ANZ Royal Bank, traveled to Phnom Penh to protest in front of the bank’s headquarters Thursday, but failed to convince the bank to help them. Several hundred families in Kompong Speu province accuse a pair of plantations owned by CPP Senator Ly Yong Phat and his wife, Kim Heang, of stealing their farmland, often holding their livestock for ransom and driving them into debt. ANZ Royal was financing the senator’s Phnom Penh Sugar company but had its loan to the firm paid back in full by July. …

 Aun Pheap and Zsombor Peter
http://www.cambodiadaily.com/news/anz-refuses-to-help-evictees-of-senators-sugarcane-farm-66579/