ANZ boss says bank will consider compensating Cambodians forced off farms for sugar plantation

ANZ will consider whether to compensate hundreds of Cambodian families who were forcibly evicted from their farms to make way for a sugar plantation and refinery partially financed by the bank, chief executive Shayne Elliott has told a parliamentary committee.

Rights groups said Phnom Penh Sugar, which received a $40 million loan from ANZ joint venture ANZ Royal Bank in 2011, forced hundreds of families off their farming land to make way for a sugar plantation and refinery in Cambodia’s Kampong Speu province, and employed child labourers in dangerous conditions.

Read the full story: http://www.abc.net.au/news/2018-10-12/anz-rebuked-over-loan-to-cambodian-sugar-firm/10370648

© 2018, All rights reserved.