Spanish
The main pension fund Swedish has invested 4.6 billion kronor (418 million euros) in a dozen companies that sell weapons or do business with the Burmese military junta, denounced this Friday a report prepared by three NGOs.
The report - conducted by the Swedish Burma Committee, Justice for Burma, and Fair Finance Guide - specifically targets AP7, one of the seven funds that manage the reserve capital of the public pension system and in which approximately 6 million Swedes have their retirement money.
The AP7 has invested, for example, 2.7 billion (245 million euros), among others, in the Indian companies Bharat Electronics and Hindustan Aeronautics, which sell weapons and other war material to the junta, which has controlled the country for five years and has been accused of numerous human rights violations.
You can also read: India confirms that Putin will visit the country and meet with Modi in New Delhi
"The Burmese live in terror, they are terrorized daily by the military junta. Pension funds must use their influence and ensure that the companies in which they invest do not violate rights, if not they must sell their shares," said Yadanar Maung, spokesperson for Justice for Burma, in the report.
An official from the AP funds told the public broadcaster Radio Sweden that the companies in question will be analyzed to determine whether it is necessary to get rid of their shares.
