BOSTON: Anti-Slavery Group Calls on Morgan Stanley to Stop $2 Billion Petronas Offering, Urges Market Sanctions on Oil Companies in Sudan
The American Anti-Slavery Group reacted sharply to a report by Dow Jones newswire that Morgan Stanley Dean Witter and Salomon Smith Barney will be coordinating a $2 billion bond offering for Petronas, Malaysia's national oil company.
Petronas is the second-largest partner in Sudan's Greater Nile Petroleum Operating Company, which relies on ethnic cleansing to secure its oil fields in southern Sudan.
"This bond offering is expected to raise $1 billion in US markets for Petronas," stated Anti-Slavery president Charles Jacobs. "That's $1 billion that can flow right into Sudan's oil region and help perpetuate the Sudanese army's campaign of ethnic cleansing, slavery, and genocide.
"Since terrorists attacked America's financial center, the financial community should be especially sensitive to where and how American capital gets directed. Morgan Stanley is making a serious mistake, with potentially deadly repercussions. This bond offering will help support a Sudanese regime that sponsors international terrorism as well as genocide against its own black African population."
The American Anti-Slavery Group reacted sharply to a report by Dow Jones newswire that Morgan Stanley Dean Witter and Salomon Smith Barney will be coordinating a $2 billion bond offering for Petronas, Malaysia's national oil company.
Petronas is the second-largest partner in Sudan's Greater Nile Petroleum Operating Company, which relies on ethnic cleansing to secure its oil fields in southern Sudan.
"This bond offering is expected to raise $1 billion in US markets for Petronas," stated Anti-Slavery president Charles Jacobs. "That's $1 billion that can flow right into Sudan's oil region and help perpetuate the Sudanese army's campaign of ethnic cleansing, slavery, and genocide.
"Since terrorists attacked America's financial center, the financial community should be especially sensitive to where and how American capital gets directed. Morgan Stanley is making a serious mistake, with potentially deadly repercussions. This bond offering will help support a Sudanese regime that sponsors international terrorism as well as genocide against its own black African population."