Tag Archive | Bank

Indonesian billionaire using ‘shadow companies’ to clear forest for palm oil, report alleges

Indonesian billionaire using ‘shadow companies’ to clear forest for palm oil, report alleges


Mongabay, 11 April 2018

news.mongabay.com/2018/04/indonesian-billionaire-using-shadow-companies-to-clear-forest-for-palm-oil-report-alleges

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  • Two plantation companies linked to Anthoni Salim, Indonesia’s third-richest man, are deforesting a peat swamp in Borneo, according to new research by Aidenvironment.
  • In response to the findings, Citigroup said it was cancelling all lending agreements with IndoAgri, the Salim Group’s agribusiness arm.
  • The Salim Group was previously accused of being behind four companies at the forefront of illegal oil palm expansion in Indonesia’s Papua region, employing a complex network ... read more

Posted on 01:27 AM in Agro Fuels, Economy, Labor & Corruption, Indonesia, Papua, Publications, Rainforest, Environment & Climate, Watch Indonesia! in the Media
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Deutsche Bank must re-evaluate engagement in Maybank

Deutsche Bank must re-evaluate engagement in Maybank


Jakarta, Bremen, Berlin, 28. February 2018

http://www.watchindonesia.org/wp-content/uploads/180228-Letter-to-DB-on-Maybank.pdf

To: Mr. Stuart Lewis
Deutsche Bank Chief Risk Officer
stuart.lewis@db.com

Cc: Mr. Werner Steinmüller
Deutsche Bank Chief Executive Officer Asia Pacific
werner.steinmuller@db.com

Dear Mr Lewis,

A report launched today shows that Deutsche Bank is still profiting from controversial palm oil companies, despite its own policies and its participation in the development of the so-called “soft commodities compact”.

The report ‘Maybank: the single largest palm oil financier’ [1], by TuK Indonesia and Profundo, ... read more

Posted on 10:48 PM in Agro Fuels, Economy, Labor & Corruption, Joint Open Letters, Indonesia, Publications, Rainforest, Environment & Climate
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