KI-Media2 KI Media Deutsche Bank, IFC Rubber Investments Questioned

May 13, 2013
By Zsombor Peter
The Cambodia Daily

Deutsche Bank and the World Bank’s International Finance Corporation (IFC) have poured millions of dollars into Vietnamese rubber companies operating in Cambodia that have engaged in illegal logging and forced evictions of local farmers, the environmental rights group Global Witness says in a new report released today.

In the report, Rubber Barons: How Vietnamese companies and international financiers are driving a land grabbing crisis in Cambodia and Laos, Global Witness, which is based in the U.K., links Deutsche Bank and the IFC to two Vietnamese firms backing a long list of “shell companies” that, according to the organization, are breaking forestry laws at the expense of eastern Cambodia’s remaining forests and the villages that depend on them.

Posted By KI Media to KI Media at 5/13/2013 10:34:00 AM

Posted By kiletters2 to KI-Media2 at 5/13/2013 10:34:00 AM

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