ANZ Implicated in Sugar Plantation Evictions

23 January 2014
The Cambodia Daily
Agricultural commodities, processing and products / Agricultural production / Agriculture and fishing / Biofuel crops / Crop products and commodities / Domestic investors / Economy and commerce / Human rights / Land / Land tenure and land titling / Law and judiciary / Social development / Sugar
ANZ Royal Bank / CPP / David Pred / Dow Jones Sustainability Index / Eang Vuthy / Equitable Cambodia / Grant Knuckey / Ly Yong Phat / Phnom Penh Sugar

Three NGOs on Wednesday called on ANZ Royal Bank to help the hundreds of families who have lost farmland to a sugar plantation that the bank helped to finance in Kompong Speu province.

The NGOs also made public a 2013 social and environmental impact assessment of the Phnom Penh Sugar plantation that they obtained recently, showing that ANZ Royal had financed the project.

The impact assessment does not mention how much financing was provided by ANZ Royal, a subsidiary of Australia’s ANZ Bank, or when the bank lent money to Phnom Penh Sugar, which is owned by CPP Senator Ly Yong Phat. …

 Zsombor Peter
http://www.cambodiadaily.com/business/anz-implicated-in-sugar-plantation-evictions-50980/