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The Qatari Investment Authority
Last Post 25/10/2015 21:58:50 by leigonj. 0 Replies.
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leigonj
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25/10/2015 21:58:50
    The Qatari Investment Authority is the sovereign wealth fund of the state of Qatar, which owns, among other things, shares in Sainsbury and Volkswagen. Qatar itself ranks fourth worst in the Global Slavery Index, is well known for the extremely poor conditions for its immigrant workers - most publicly the hundreds of lives lost working on the stadiums for the 2022 World Cup (the rights for which were, almost certainly, won unfairly) - and, additionally, has been accused of supporting violent Islamists across the Arab world.
    I understand that the Qatari Investment Authority holds minority, not majority, shares in the aforementioned companies but it doesn't seem to have any effect on the ratings of Sainsbury, at least - might such a relationship not be worth flagging up? Personally, it's difficult to think of a more reprehensible backer - I almost forgot to mention that the money in Qatar's investment fund comes almost exclusively from fossil fuel extraction!
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