Major Japanese banks linked to Myanmar military cartel
JUSTICE FOR MYANMAR
Dear all,
New research conducted by BankTrack and Justice For Myanmar finds that major Japanese banks Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Financial Group (MUFG) and Mizuho Financial Group provide considerable loans and financial services to companies with ties to the Myanmar military junta, as well as loans and investment to junta-linked projects. These include the military-controlled telecommunications network, Mytel, the Thilawa Special Economic Zone, the Y Complex development and junta-linked companies.
Under international frameworks such as the OECD Guidelines and UN Guiding Principles, both financial institutions and companies are expected to consider responsibly and immediately disengaging from operations that have severe human rights impacts. Banks must take urgent action to stop contributing to the Myanmar military’s atrocity crimes.
See our joint web feature here: https://justiceformyanmar.org/stories/major-japanese-banks-linked-to-myanmar-military-cartel
Regards,
Justice For Myanmar
Justice For Myanmar is a covert group of activists using research, data visualisation and reporting to expose the companies and criminals profiting from brutality, war crimes and mass-scale suffering.
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