NUG criticises Australia's sovereign wealth fund

30 November 2021
NUG criticises Australia's sovereign wealth fund
Canberra, Capital of Australia. Photo: jond30/Flickr

The National Unity Government (NUG) has criticised Australia's sovereign wealth fund for investing in several companies — including weapons manufacturers — that have done business with Myanmar's military, ABC reported.

Documents obtained under Freedom of Information laws by activists reveal that the Future Fund holds just under $158 million in 14 public companies with links to Myanmar's military including an arms manufacturer that has sold fighter jets and other weapons to the junta.

Minister for Finance in the NUG U Tin Tun Naing said the Future Fund was supporting companies that had profited from the suffering of people in his country.