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15 Jul 2014

Equitable Cambodia & Inclusive Development International

Equitable Cambodia & Inclusive Development International say ANZ should directly compensate victims of land confiscation in Cambodia

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“Dropping Phnom Penh Sugar as a client does not let ANZ Bank off the hook for financing human rights abuses”, 7 July 2014

Equitable Cambodia and Inclusive Development International expressed disappointment that ANZ Bank has cut its business ties to the Cambodian firm Phnom Penh Sugar without first ensuring redress for the grave harms caused to hundreds of families by the plantation that it financed…ANZ, through its Cambodian operation ANZ Royal Bank, severed its ties with PP Sugar after the firm repaid a loan…that it borrowed to part-fund the establishment of its sugar plantation and refinery…[The] plantation was built on the site of one of Cambodia’s most high-profile land-grabs…The plantation has also been implicated in the widespread use of child labor, arbitrary arrests and intimidation of villagers, and dangerous working conditions that have resulted in several worker deaths…[Business & Human Rights Resource Centre invited ANZ to respond. Response provided.]