Future Fund forced to divest $5m from sanctioned Chinese weapons company

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 98%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

The investment was first revealed using freedom of information laws which the Coalition is trying to prevent happening again

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.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 1. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

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?

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

IFM raises $380m for second mid-market PE fundClean Energy Finance Corporation (CEFC), HESTA and Legalsuper are chipping in for IFM’s second private equity fund which has made its second close at $380 million.
Источник: FinancialReview - 🏆 2. / 90 Прочитайте больше »