Friday, May 04, 2007

Guyanese Indigenous Groups: Claim Against Credit Suisse

A number of Guyanese indigenous communities are being represented in an international claim against a Swiss Bank, Credit Suisse. Other indigenous groups that are part of this claim include representatives from Malaysia, Cambodia, and Papua New Guinea.

They are seeking $10 million US from Credit Suisse as compensation for its links with a Malaysian timber company--Samling--that has poisoned waters and polluted communities.

Credit Suisse is being pursued because while its financial services were contracted by Samling, the bank's own charter mandates that it support sustainable development.

A NGO--the Society for Threatened Peoples--plans to attend the bank's annual general meeting, in the company of indigenous representatives, this Friday, May 4, 2007.

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