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Rabobank headquarters in Utrecht, the Netherlands. Contracts drawn up between leaseholders and subsidiary Rabo Farm suggest that the fund is exploiting a legal loophole which allows it to redirect European agricultural subsidies into its own coffers, desp (Photo: Tjeerd Wiersma)

Rabobank subsidiary accused of leasing Romanian land to criminals

The Dutch banking giant Rabobank is facing questions over its investments in Romania amid concerns that the bank’s Romanian subsidiaries have been "land grabbing" in some of the poorest and most corrupt regions of the country.

Through subsidiary companies belonging to a €315 million investment fund for farmland in Romania and Poland called Rabo Farm, Rabobank has acquired over 21,000 hectares of farmland across Romania since 201...

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

Rabobank headquarters in Utrecht, the Netherlands. Contracts drawn up between leaseholders and subsidiary Rabo Farm suggest that the fund is exploiting a legal loophole which allows it to redirect European agricultural subsidies into its own coffers, desp (Photo: Tjeerd Wiersma)

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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