Tag: timber-mafia

Press Release

Italian superyacht firm exposed by EIA for breaking EU law by importing Myanmar teak floats on Hong Kong stock exchange

The Ferretti Group, an Italian superyacht builder which boasts of using “the best quality standard of Burmese teak for teak decking”, is seeking new investment to bolster its business by going public, despite being accused of breaching EU law on the importation of what’s called ‘the king of woods’

Press Release

New EU sanctions target Myanmar timber and natural resources sector

Council of the European Union today announced a new wave of sanctions against the brutal military regime in Myanmar, the London-based Environmental Investigation Agency (EIA) welcomed the move for recognising the importance of the county’s natural resources sector, especially timber exports, in generating hard currency for the regime