The Daily Star
Star Online Report
December 21, 2020
December 21, 2020
AP file photo
Two major UK banks face pressure for lending millions of dollars to a
technology company that is partly owned and used by the Myanmar military
accused of genocide against the Rohingyas.
UK-based The Observer, a sister concern of The Guardian, on Sunday reported that human rights groups are demanding that two of Britain's biggest banks explain why they have lent tens of millions of pounds to such a company.
HSBC and Standard Chartered have loaned a total of $60m (£44.5m) to Vietnamese telecom giant Viettel, which has stakes in Myanmar mobile network Mytel, in the last four years.
Over that period, the Myanmar military has been accused of committing war crimes, genocide and crimes against humanity.
UK-based The Observer, a sister concern of The Guardian, on Sunday reported that human rights groups are demanding that two of Britain's biggest banks explain why they have lent tens of millions of pounds to such a company.
HSBC and Standard Chartered have loaned a total of $60m (£44.5m) to Vietnamese telecom giant Viettel, which has stakes in Myanmar mobile network Mytel, in the last four years.
Over that period, the Myanmar military has been accused of committing war crimes, genocide and crimes against humanity.