At Senate estimates on Tuesday, Greens senator Nick McKim asked Future Fund chief executive, Dr Raphael Arndt, whether the divestment was only made due to the embarrassment of the FOI.“In August 2021, the US treasury announced that there would be investment sanctions against one AVIC subsidiary, being Avic Shenyang Aviation Company Ltd, which is one of the companies we had an investment in,” Arndt said.
UN investigators say Myanmar’s military, known as the Tatmadaw, executed 2017 “clearance operations” with “genocidal intent” against the ethnic minority Rohingya in Rakhine state. Evidence suggests the military was involved in mass killings, including of children, as well as gang rapes, arson and torture.was breaching international humanitarian law by transferring military supplies through AVIC to the Tatmadaw.
“Coupled with the Future Fund’s previous investments in the Adani Group, this clearly highlights why we shouldn’t allow the secrecy of making their investments exempt from freedom of information laws, as the government is proposing.” The groups included Amnesty International, Justice for Myanmar, the Australian Council for International Development, the Australian Centre for International Justice, and the Australian Council of Trade Unions.
What more will we discover before they block FOI requests on the use of OUR money, what investments could be considered reasonable, investing in companies trafficking drugs? People smuggling? Cybercrime? How would we know and how can we trust these politicians and bureaucrats?
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