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Intl banks asked to suspend investments linked to Myanmar junta 2 minutes read
Bangkok, May 27 (EFE).- Non-Governmental Organizations Justice for Myanmar and BankTrack called on more than 30 international banks Thursday to cancel or suspend investments in companies with connections to Myanmar’s military junta.
In a report, they said financial institutions, mainly large groups such as Mitsubishi UFJ, Sumitomo Mitsui, JPMorgan Chase, UBS and Credit Suisse, add more than $ 35 billion in investments in companies with ties or under the direct control of Myanmar’s army.
“The international banks we have highlighted have clear human rights responsibilities. The military’s ruthless campaign of terror is made possible by their economic interests and the banks play a crucial role,” Yadanar Maung, spokesman for Justice for Myanmar, said in a statement.