NGOs say bank must remain to clean mess

30 January 2014
The Phnom Penh Post
Agricultural commodities, processing and products / Banking and financial services / Child labor / Civil and commercial litigation / Civil society / Economy and commerce / Human rights / Labor policy and administration / Law and judiciary / Social development / Sugar
ANZ Royal / Equitable Cambodia / Grant Knuckey ANZ Royal’s CEO / Inclusive Development International / Ly Yong Phat / Phnom Penh Sugar Company

Rights groups yesterday called on ANZ bank to help address alleged labour and environmental violations at Phnom Penh Sugar Company instead of walking away from the problem.

A joint statement released yesterday by Equitable Cambodia and Inclusive Development International said it would be wrong for the banking giant to withdraw its financing for the firm and absolve itself of responsibility. …

The call from NGOs comes a week after environmental auditing documents leaked to the Post pegged the multinational bank’s local venture, ANZ Royal, as a financier of ruling party senator Ly Yong Phat’s controversial sugar plantation. …

 Daniel de Carteret
http://www.phnompenhpost.com/business/ngos-say-bank-must-remain-clean-mess