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World Bank fund illegal logging

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#1    Ashotep



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Posted 15 May 2013 - 01:52 AM


Many of these concessions, a new report by environmental watchdog Global Witness found, are owned by two Vietnamese rubber companies, which — with the financial support of Deutsche Bank, an arm of the World Bank and local governments — have acquired more than 500,000 acres of land in Cambodia and neighboring Laos.

The companies and officials involved have made millions growing resin trees and harvesting their sap to make rubber, while thousands of poor Cambodians and Laotians lost the little they had. Villagers have been sued and prosecuted, intimidated, threatened and shot at while trying to defend their livelihoods.


A woman's husband was killed because he was reporting their illegal logging trade.  While the companies are getting rich the people are barely surviving.  Any bank in any country shouldn't be knowingly involved in this.

#2    Orcseeker



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Posted 21 May 2013 - 01:13 AM

Ah the good old bank, corporation and corrupt government combination.

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