Daily Archives: 6 July, 2020

European Banks Implicated in Cambodia’s Microcredit Scandal

European Banks Implicated in Cambodia’s Microcredit Scandal

What follows is a piece by Sam Rainsy published by The Brussels Times on 6 July The unfolding microcredit scandal in Cambodia involves two well-respected European banks, BRED in France and Triodos Bank in the Netherlands. Both subscribe to the concept of “ethical banking”. But each has a stake of 12.5% in ACLEDA, Cambodia’s biggest commercial bank and the local

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