19/11/15
Pension providers including Sweden’s AP2, Canada’s Caisse de dépôt et placement du Québec and TIAA-CREF have been heavily criticised in a report claiming their Brazilian farmland investments are linked to a local businessman accused of land-grabbing and suspected of involvement in money laundering.
The report also says farms have been acquired through a company structure that avoids Brazil’s tight regulations on foreign investment.
The research was carried out by the NGOs GRAIN, which supports small farmers in working for community-controlled and biodiversity-based food systems, Rede Social de Justiça e Direitos Humanos, Inter Pares and Solidarity Sweden-Latin America.
source: https://www.ipe.com