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30 Apr 2017

Dragon Capital

Dragon Capital response

24 April 2017

These allegations are historic. Dragon Capital can confirm that it actively engaged with the NGOs on issues raised relating to HAGL in March 2013. It now has in place a robust CSR system which is endorsed by several multinational development finance institutions. None of Dragon Capital’s investment mandates, including VEIL, are invested in Hoang Anh Gia Lai or Gemadept, and have not been invested in them since 2014 and 2016 respectively. Dragon Capital questions the validity and purpose of bringing up historic allegations in this way, which is perhaps counterproductive to encouraging DFIs and intermediaries to address issues raised by NGOs in a fair manner.