By Anthony Deutsch and Poppy McPherson AMSTERDAM/BANGKOK (Reuters) -Myanmar's military junta is to take part in hearings at the top United Nations cou.
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Telecom network in Myanmar: Two UK banks under pressure for lending money Star Report Star Report Two of Britain s biggest banks are under pressure for lending tens of millions of pounds to a technology company building a telecoms network that is part-owned and used by the Myanmar military, which is accused of committing genocide against the Rohingyas. Human rights groups are demanding that the banks explain why they lent the money to such a company, The Observer, a sister concern of The Guardian, reported on Sunday. HSBC and Standard Chartered have loaned $60m (£44.5m) to Vietnamese telecom giant Viettel in the last four years, a period when the Myanmar military has been accused of committing war crimes, genocide and crimes against humanity, said the report.
HSBC, Standard Chartered in hot water for lending to company with links to Myanmar military AP file photo Star Online Report Star Online Report 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.
LONDON: Human rights groups have criticized two of the UK’s largest banks after they granted tens of millions in loans to a technology business developing a telecommunications project used by Myanmar’s military, British newspaper The Observer reported on Sunday. HSBC and Standard Chartered loaned $60 million to Vietnamese telecoms giant Viettel over the past four years, at a time when the Myanmar military has been accused of war crimes and genocide against Rohingya Muslims. Viettel is a major investor in Mytel, a Myanmar mobile network that has grown to service more than 10 million users since its launch in 2018. Mytel’s shareholding structure confirms its revenues partly flow to Myanmar’s military.