The American Empire in a Changing World


Monday, November 19, 2012

''HSBC rakes in US$130 million bankrolling rainforest destruction and human rights abuses in Malaysia’s corrupt forestry sector''

From Global Witness

''HSBC has bankrolled logging companies causing widespread environmental destruction and human rights abuses in Sarawak, Malaysia, violating its sustainability policies and earning around US$130 million in the process, a Global Witness investigation reveals today. The bank is also providing financial services to companies widely suspected of systematic bribery and corruption.''

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