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Deutsche Bank and IFC accused of bankrolling Vietnam firms' land grabs

2013-05-13 01:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Two Vietnamese firms bankrolled by Deutsche Bank and the International Finance Corporation the World Bank's private lending arm are leading a wave of land grabs in Cambodia and Laos, causing widespread evictions, illegal logging and food insecurity, according to a report. The study, concluding a year-long investigation by the watchdog Global Witness, names two of Vietnam's biggest companies, the privately owned Huang Anh Gia Lai (HAGL) and state-owned Vietnam Rubber Group (VRG), as the businesses...

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