An American investment giant that manages multi-billion-dollar pension funds in the United States, Canada, and Sweden faces allegations that it has circumvented Brazilian laws on foreign acquisition of farmland, including land from a shady Brazilian business figure accused of two murders.
Acquisitions of Brazilian farmland by the US-based Teachers Insurance and Annuity Association–College Retirement Equities Fund, or TIAA-CREF — which promotes transparency, social responsibility, environmental sustainability, and respect for land rights — grew by over 145 percent between 2012 and 2014 to 256,324 hectares, as part of a $5.1 billion global portfolio of farmland in several countries, including the United States.
source: https://news.vice.com