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
© 2014, 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...