6 banks listed among top shareholders of Chinese wig firm reportedly using forced prison labour: Deutsche Bank, HSBC, ING, Merrill Lynch, Morgan Stanley, UBS

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Article
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Author: Terra Actualidad - EFE

El mayor fabricante de pelucas en China, 'Henan Rebecca Hair', obliga a sus empleados a trabajar en condiciones de esclavitud y de trabajos forzados en su fábrica situada en la región de Xuchang (centro), según un artículo publicado en el diario chino 'South China Morning Post'...Ante estas acusaciones, la empresa se ha defendido alegando que la industria de las pelucas requiere una maquinaria específica y que su manejo necesita trabajadores especializados...por lo que consideró 'imposible' que se pueda dar el trabajo forzoso.

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Article
25 August 2005

[DOC] Morgan Stanley response to South China Morning Post article raising concerns about shares in the Chinese company Henan Rebecca

Author: Morgan Stanley

As a policy, Morgan Stanley does not comment on what may be investments for our clients.

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Article
25 August 2005

[PDF] [letter to Business & Human Rights Resource Centre regarding allegations of forced prison labour]

Author: Henan Rebecca Hair Products

Considering that the report [of Jamal Anderlini in the South China Morning Post] deviated from the real facts very seriously and brought a great negative influence to our company, in order to defend our legal rights, we sincerely invite Human Rights Resource Organization as a third party to investigate independently to our company and the local jail firm so as to recover the pure reputation of Henan Rebecca Hair Products, Inc. and show the actual truth to the public.

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Company response
24 August 2005

Deutsche Bank response to South China Morning Post article raising concerns about shares in the Chinese company Henan Rebecca

Author: Deutsche Bank

Deutsche Bank has no proprietary holding in Henan Rebecca Hair products and does not provide research cover on the stock. Any listed holding in this stock by Deutsche Bank is on behalf of clients buying stock through the Banks Qualified Foreign Investor allocation in China.

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Company non-response
24 August 2005

Merrill Lynch (part of Bank of America) did not respond to: South China Morning Post article alleges wig manufacturer Henan Rebecca uses forced prison labour – says major financial firms, including Merrill Lynch, among its top shareholders.

Company response
24 August 2005

Response by Morgan Stanley: South China Morning Post article alleges wig manufacturer Henan Rebecca uses forced prison labour – says major financial firms, including Morgan Stanley, among its top shareholders. Click here

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Company response
24 August 2005

Response by UBS: South China Morning Post article alleges wig manufacturer Henan Rebecca uses forced prison labour – says major banks, including UBS, among its top shareholders.

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Company response
23 August 2005

Response by ING: South China Morning Post article alleges wig manufacturer Henan Rebecca uses forced prison labour – says major banks, including ING, among its top shareholders.

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Company response
23 August 2005

The Announcement [Henan Rebecca Hair Products response to prison labour concerns

Author: Henan Rebecca Hair Products

Henan Rebecca Hair Products...always abides by the national law, rules and also the international law. The report about using the inmates to make hair products...written by Mr. Jamil Anderlini in the South China Morning Post is not true...we, the personnel of Henan Rebecca Hair Products Inc. always respect the human rights. We cannot use the inmates to make anything for us.

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Article
23 August 2005

[DOC] Comment by Jamil Anderlini on responses by Henan Rebecca and various banks to his article in South China Morning Post: “Banks buy into jail-labour firm”

Author: Jamil Anderlini

It is common knowledge in Xuchang that Henan Rebecca and many other local manufacturers use 'Labour re-education' prison labour for much of their low-skilled processing work...On visits to three of the 'laojiao' (labour re-education) camps, four separate guards and low-level camp officials explicitly confirmed that inmates are engaged in low-skilled processing work for Henan Rebecca...[None] of the banks [named on Henan Rebecca's share register] were willing to name their clients and so the responsibility for investing in a company using forced labour has been passed on to unaccountable nameless entities.

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