ANZ says no to evicted Cambodian farmers

20 August 2014
Brisbane Times
Agricultural policy and administration / Agricultural production / Agriculture and fishing / Banking and financial services / Child labor / Economy and commerce / Government / Human rights / Labor / Land / Land tenure and land titling / Social development / Sugar
ANZ Royal Bank / Hun Sen / Kith Meng / Ly Yong Phat / Phnom Penh Sugar Company / Royal Group

ANZ has ruled out helping hundreds of poor Cambodian families forcibly evicted from their land to make way for sugar-cane plantations that involved child labour and led to food shortages.

Fairfax Media this year revealed confidential audits that disclosed that ANZ’s Cambodian subsidiary, ANZ Royal Bank, had financed sugar plantations belonging to the Phnom Penh Sugar company owned by powerful Cambodian politician Ly Yong Phat.

Senator Phat’s company last month repaid its loan to ANZ Royal Bank but the affected farmers and villagers still want the bank to address their plight. …

 Richard Baker and Nick McKenzie
http://www.brisbanetimes.com.au/national/anz-says-no-to-evicted-cambodian-farmers-20140819-105sib.html