Khmer Riche - the Cypriot citizenship rush

Cambodia news in English! Here you'll find all the breaking news from Cambodia translated into English for our international readership and expat community to read and comment on. The majority of our news stories are gathered from the local Khmer newspapers, but we also bring you newsworthy media from Cambodia before you read them anywhere else. Because of the huge population of the capital city, most articles are from Phnom Penh, but Siem Reap, Sihanoukville, and Kampot often make the headlines as well. We report on all arrests and deaths of foreigners in Cambodia, and the details often come from the Cambodian police or local Khmer journalists. As an ASEAN news outlet, we also publish regional news and events from our neighboring countries. We also share local Khmer news stories that you won't find in English anywhere else. If you're looking for a certain article, you may use our site's search feature to find it quickly.
epidemiks
Expatriate
Posts: 1594
Joined: Fri Mar 20, 2015 6:56 pm
Reputation: 514
Australia

Khmer Riche - the Cypriot citizenship rush

Post by epidemiks »

Haven't seen a thread on this one yet.
Cambodia’s ruling elite are patriots who would never hide money abroad, says the country’s leader, HE. But a Reuters investigation shows that HE's family and officials have overseas assets worth tens of millions of dollars, and some have bought themselves European citizenship.
https://www.voacambodia.com/a/Reuters-s ... 26154.html


A Cyprus MP responds
(Reuters) - Opposition parties in Cyprus on Thursday called on the government to explain how relatives and allies of Cambodia's leader acquired Cypriot passports under a secretive investment for citizenship scheme.

A Reuters investigation revealed that family members and allies of Cambodia's long-time prime minister, HE, have overseas assets worth tens of millions of dollars and have used their wealth to buy foreign citizenship - a practice HE has decried as unpatriotic.

...

"Where does the issuance of passports stop? Until when will we stop apologising internationally? Finally, there is a fire with the smoke," Charalambides wrote on Facebook.

"This is an international ridicule, which is not covered by any justification. The Minister of Interior is required to answer."

Eight family members or allies - including Cambodia's police chief who has been instrumental in clamping down on dissent, and its finance minister - sought and received Cypriot citizenship in 2016 and 2017, Reuters reporting showed.


https://mobile.reuters.com/article/amp/ ... ssion=true
User avatar
Bitte_Kein_Lexus
Expatriate
Posts: 4421
Joined: Sun May 18, 2014 7:32 pm
Reputation: 1325

Re: Khmer Riche - the Cypriot citizenship rush

Post by Bitte_Kein_Lexus »

I'd love to see the list of names.
Ex Bitteeinbit/LexusSchmexus
User avatar
John Bingham
Expatriate
Posts: 13763
Joined: Sun Dec 07, 2014 11:26 pm
Reputation: 8969
Cambodia

Re: Khmer Riche - the Cypriot citizenship rush

Post by John Bingham »

Bitte_Kein_Lexus wrote: Fri Oct 18, 2019 12:44 pm I'd love to see the list of names.
The original article has them.
Silence, exile, and cunning.
dude
Expatriate
Posts: 27
Joined: Sun May 10, 2015 11:23 am
Reputation: 8

Re: Khmer Riche - the Cypriot citizenship rush

Post by dude »

Bitte_Kein_Lexus wrote: Fri Oct 18, 2019 12:44 pm I'd love to see the list of names.
https://www.reuters.com/investigates/sp ... en-wealth/

(list of names at bottom of the page)
Anchor Moy
Expatriate
Posts: 13458
Joined: Wed May 28, 2014 11:37 pm
Reputation: 3974
Tokelau

Re: Khmer Riche - the Cypriot citizenship rush

Post by Anchor Moy »

I posted the Reuters article here a couple of days ago. Lots of details and names.
darknet-cambodia-news/when-the-going-ge ... ml#p370703
User avatar
Bitte_Kein_Lexus
Expatriate
Posts: 4421
Joined: Sun May 18, 2014 7:32 pm
Reputation: 1325

Re: Khmer Riche - the Cypriot citizenship rush

Post by Bitte_Kein_Lexus »

Awesome, I read the second link which had almost no information in it. I'll have a closer look when I get the chance. Good stuff.
Ex Bitteeinbit/LexusSchmexus
mouytiet
Expatriate
Posts: 202
Joined: Thu Jan 31, 2019 11:29 pm
Reputation: 102
Cook Islands

Re: Khmer Riche - the Cypriot citizenship rush

Post by mouytiet »

Oh how embarassing, nothing new cypress has been a safe haven for decades, its where the british underworld retire since spain started extraditing.
User avatar
CambodiaGerman1
Expatriate
Posts: 47
Joined: Tue Jul 23, 2019 2:58 pm
Reputation: 10
Germany

Re: Khmer Riche - the Cypriot citizenship rush

Post by CambodiaGerman1 »

The proverb goes: The fish stinks from the head first!

Numerous leading statesmen and women use their position, power and money to be safe abroad with the added assurance of a secure nationality. Was in the past with the Philippines, Vietnam, Saudi Arabia, Libya, Argentina, Brazil, Mexico and much more african states.

Cyprus has a lot of russian leader banks and big problems with EU standards and deals or contracts still coruppt. Many crimes and cases with international police and other investigations after disclosure of some money laundering and other criminal acts involving Cypriot banks and government. Similar to the Panama Papers.

And of the political leadership and other rulers here in Cambodia - it just surprises me that there are only so few.
User avatar
newkidontheblock
Expatriate
Posts: 4462
Joined: Tue May 20, 2014 3:51 am
Reputation: 1554

Re: Khmer Riche - the Cypriot citizenship rush

Post by newkidontheblock »

A long while back there was member of CEO who used to teach the children of the HE ruling class. He fervently believed that the children would see the light and change the country. He in the end, he admitted he was disappointed. The children just followed in their parents footsteps.

As the saying goes. Absolute wealth and power absolutely corrupts.
User avatar
Duncan
Sir Duncan
Posts: 8149
Joined: Tue Jun 03, 2014 8:22 pm
Reputation: 2357
Location: Wonder Why Central

Re: Khmer Riche - the Cypriot citizenship rush

Post by Duncan »

newkidontheblock wrote: Sat Oct 19, 2019 6:31 am A long while back there was member of CEO who used to teach the children of the HE ruling class. He fervently believed that the children would see the light and change the country. He in the end, he admitted he was disappointed. The children just followed in their parents footsteps.

As the saying goes. Absolute wealth and power absolutely corrupts.

One just has to look at past history and we will find that politicians children often follow in their parents footsteps, the same as actors, singers, and any other profession, so it's no surprise.
At the other end of the ladder it's also the same , whether it's beggars children , or garment factory workers children, mostly they still follow in their parents footsteps.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: Bing [Bot], Google [Bot], johnny lightning, Newinkow, Semrush [Bot], Soriya and 786 guests