Australia’s sovereign wealth fund, the Future Fund was found to have invested in Myanmar junta linked businesses.
According to documents obtained under Freedom of Information laws by activists, the Future Fund invested $158 million in 14 public companies with links to Myanmar’s military.
Among those companies were Chinese and Indian weapon manufacturers that were also suppliers of the junta’s equipment.
At least $4.9m was invested in five subsidiaries of the Chinese arms conglomerate Aviation Industry Corporation of China (AVIC) while $17.8m was invested in Bharat Electronics from India.
“The military is using these arms to commit crimes against citizens — to the extent of crimes and against humanity and genocide,” said Minister for Finance in Myanmar’s National Unity Government (NUG) U Tin Tun Naing.
Naing added that they are asking the Australian government and the Future Fund to stop supporting the companies who were allegedly arming the junta in their continuing persecution of civilians and minorities.
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