July 7, 2016:
In The Cambodia Daily, the news story today about the Global Witness’s latest report is titled: Report Details First Family’s Business Empire.
In “Hostile Takeover,” released today, the London-based rights group warns current and prospective foreign investors of the risks of making bedfellows of the companies—some of them accused of abusing the law with impunity—in a highly corrupt environment under Mr. Hun Sen’s virtually unchecked control.
The other English-language paper has a more comprehensive story with infographics: Inside the Hun family’s business empire.
Cambodian Prime Minister Hun Sen’s family has amassed a “vast fortune”, with stakes in at least 114 domestic companies spanning most of the Kingdom’s key sectors, including major energy, telecoms, mining and trading firms, according to an investigation by Global Witness, which accuses the Hun family of flouting the country’s laws to build a business “empire”.
Released today, the report, Hostile Takeover: The Corporate Empire of Cambodia’s Ruling Family, details the vast holdings of the Hun family across 18 sectors, finding that 27 relatives of the premier are linked to companies whose official share capital value is more than $200 million.
The Khmer Times takes on a different angle and headline: NGO Targets Hun Sen, Family
Also, this big story has been reported in global media outlet like The New York Times: Cambodian Leader’s Family Is Profiting From His Position, Report Says.
Well-known global brands that operate in Cambodia, such as Apple, Canon and LG Electronics, are among those that have distribution agreements or other business ties with family members of Mr. Hun Sen, according to the group, a nonprofit organization based in Washington that focuses on corruption, human rights and the environment.
— OU RITTHY (@ritthyou) July 7, 2016
— Simon Lewis (@Simondlewis) July 7, 2016
— Colin Lovett (@cblovett) July 7, 2016
— Alice Cuddy (@alice_cuddy) July 7, 2016
— Hanna Hindstrom (@Hanna_Hindstrom) July 7, 2016
— George Wright (@GeorgeCambodia) July 7, 2016
Report / July 7, 2016
How Cambodia’s ruling family are pulling the strings on the economy and amassing vast personal fortunes with extreme consequences for the population.