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
