Australia’s ANZ to compensate Cambodian families over land loss – Nikkei Asian Review

Australia's ANZ will compensate hundreds of families forcibly evicted by a Cambodian sugar plantation and refinery to which it loaned $40 million a decade ago. Experts say the settlement sets an important precedent for how other major banks deal with human rights issues.

February 28, 2020

Bank admits due diligence “failings” in loan to sugar company that bulldozed villages. Australia’s ANZ will compensate hundreds of families forcibly evicted by a Cambodian sugar plantation and refinery to which it loaned $40 million a decade ago. Experts say the settlement sets an important precedent for how other major banks deal with human rights issues. READ FULL ARTICLE ▶

Australia’s ANZ to compensate Cambodian families over land loss – Nikkei Asian Review

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