Global Witness has rebuked leading financial services firm Credit Suisse over its new investment in Vietnamese firm Hoang Anh Gia Lai (HAGL), whose rubber plantations in Cambodia have been linked to illegal logging and land grabs by the London-based environmental campaign group. In a statement, Global Witness said Credit Suisse had in late May swapped its HAGL bonds to acquire more than 10 percent of the companyís shares. The bonds for shares swap was conducted only weeks after the campaign group released the results of a lengthy investigation into HAGLís alleged abuses in Cambodia. Global Witness said the
© 2013, The Cambodia Daily. All rights reserved. No part of this article may be reproduced in print, electronically, broadcast, rewritten or redistributed without written permission.

More...