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HomeMyanmarCRPH/NUG support group (Australia) condemns Australia's Future Fund for investing in companies...

CRPH/NUG support group (Australia) condemns Australia’s Future Fund for investing in companies linked to the Myanmar military regime

CRPH/NUG support group (Australia) has condemned the sovereign wealth fund of Australia-Future Fund- for investing in companies, including weapons manufacturers that have business ties with the Myanmar military regime.

“CRPH/NUG Support Group (Australia) strongly condemns that the Australian taxpayer’s money “the Future Fund” is being invested in companies that supply the Myanmar military with weapons, military equipment, and money to commit war crimes and atrocities against the vulnerable people of Myanmar, including an attempted genocide of the Rohingyas,” said a statement issued on December 9.

Documents of Freedom of Information (FOI), obtained by Justice For Myanmar, revealed that the Future Fund holds Australian Dollar (AUD) $157.9 million in 14 public companies linked to Myanmar military regime, including an arms manufacturer that has sold fighter jets and other weapons to the military junta.

The statement also calls Australia’s Future Fund and other investors to follow the United Nations Guiding Principles on Business and Human Rights and OECD (Organization for Economic Cooperation and Development) by divesting from companies doing business with the Myanmar military regime.

Since the February coup, the Myanmar military regime has arrested over 7800 people and committed extrajudicial killings of over1300 Myanmar civilians, including hundreds of women and children. Moreover, the regime forces rounded up villagers and burned 11 civilians, mostly young people alive four days ago in the Sagaing region.

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