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Article

12 Oct 2015

Author:
Richard Baker & Nick McKenzie, Sydney Morning Herald

HESTA divests from Transfield overcases of child abuse at detention centres

"Melbourne woman taking on Transfield over children in detention", 18 Sep 2015

Transfield is preparing to sign a multibillion-dollar, five-year deal to continue operating the Manus Island and Nauru camps on behalf of the federal government, and Shen Narayanasamy wants to put the release of children at the forefront of the company's mind..."There is clearly considerable disquiet across the boardrooms of this country regarding our abuse of people detained in offshore camps," said Ms Narayanasam...[T]he group highlights instances of alleged rape, violence and other adverse incidents that it claims shows Transfield's complicity in human rights abuses.  It is this complicity, the group argues, that poses serious legal, financial and reputational consequences for Transfield, and a likely loss of value for shareholders...Leading industry super fund HESTA recently divested $23 million of Transfield stock after meeting with Ms Narayanasamy...