The Irrawaddy, 10 Sep 2009
At a Bangkok press conference on Thursday, Earthrights International (ERI) launched two reports alleging that oil giants Total and Chevron are linked to “forced labor, killings, high-level corruption and authoritarianism” in Burma.
The NGO also said that two Singapore-based banks—Overseas Chinese Banking Corporation (OCBC) and DBS Group—function as “offshore repositories” for junta revenues accruing from the Yadana gas project.
ERI’s Matthew Smith said that the information about offshore accounts in Singapore comes “from confidential and reliable sources,” but could not go into more detail.
“We expect the Singapore government and banks to do the right thing based on Singaporean law relating to money laundering, which prohibits any such transactions and requires banks to report these,” he added.
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Related:
Total rejects accusation it props up Myanmar regime - Times Of The Internet
