$23.2B development project for Kep is rubber-stamped...
Posted: Sat Oct 15, 2016 4:12 pm
Article from the PPP, a sort of introduction to the way development projects are done in the KOW.
Where to start ? A minister's subordinates have rubber-stamped a huge $23.2B investment project for Kep run by the wife of the very same minister. However, the project has been approved before there is anything to approve. The mega-project itself is still virtual; studies have not even begun, let alone submitted for approval, and officials say that the development probably won't even happen.
As for the "independent think tank founded by the minister in question"... priceless.
Massive $23.2B project gets ‘green light’
Fri, 14 October 2016
Jack Davies, Kali Kotoski and Cheng Sokhorng
Several subordinates of a senior minister within the office of the prime minister have registered and rubber-stamped a gargantuan $23.2 billion investment project chaired by the minister’s wife, while officials in the know say the project stands little chance of getting off the ground.
The massive project was given the green light by Hing Thoraxy from the Council of Ministers and a senior researcher at the Cambodian Institute for Cooperation and Peace (CICP), an independent think tank founded by the minister in question, Dr Kao Kim Hourn.
The project, which is supposed to break ground this year according to official government documents, shows a 4,158-hectare multipurpose tourism resort and a 144-hectare marina that straddles the border between Kep and Kampot province financed by Pallas Brilliant Investment and Development Co Ltd...
According to Ministry of Commerce records, Pallas was founded in November 2015, with Kim Hourn’s wife Khem Rany as its chairperson. Those same records give the company’s registered address as the University of Cambodia, where Kim Hourn is president...
The email address the company was registered to belongs to a Ban Chenda, director of programming at Southeast Asia Television, founded by Kim Hourn...
Legal expert Sok Sam Oeun said yesterday that Cambodian legislation lacks a proper definition of conflict of interest, but that by most generally accepted definitions this case would appear to fit the bill...
http://www.phnompenhpost.com/business/m ... reen-light
Where to start ? A minister's subordinates have rubber-stamped a huge $23.2B investment project for Kep run by the wife of the very same minister. However, the project has been approved before there is anything to approve. The mega-project itself is still virtual; studies have not even begun, let alone submitted for approval, and officials say that the development probably won't even happen.
As for the "independent think tank founded by the minister in question"... priceless.
Massive $23.2B project gets ‘green light’
Fri, 14 October 2016
Jack Davies, Kali Kotoski and Cheng Sokhorng
Several subordinates of a senior minister within the office of the prime minister have registered and rubber-stamped a gargantuan $23.2 billion investment project chaired by the minister’s wife, while officials in the know say the project stands little chance of getting off the ground.
The massive project was given the green light by Hing Thoraxy from the Council of Ministers and a senior researcher at the Cambodian Institute for Cooperation and Peace (CICP), an independent think tank founded by the minister in question, Dr Kao Kim Hourn.
The project, which is supposed to break ground this year according to official government documents, shows a 4,158-hectare multipurpose tourism resort and a 144-hectare marina that straddles the border between Kep and Kampot province financed by Pallas Brilliant Investment and Development Co Ltd...
According to Ministry of Commerce records, Pallas was founded in November 2015, with Kim Hourn’s wife Khem Rany as its chairperson. Those same records give the company’s registered address as the University of Cambodia, where Kim Hourn is president...
The email address the company was registered to belongs to a Ban Chenda, director of programming at Southeast Asia Television, founded by Kim Hourn...
Legal expert Sok Sam Oeun said yesterday that Cambodian legislation lacks a proper definition of conflict of interest, but that by most generally accepted definitions this case would appear to fit the bill...
http://www.phnompenhpost.com/business/m ... reen-light