HOW RELATIVES AND ALLIES OF CAMBODIA’S LEADER AMASSED WEALTH OVERSEAS

On 17th October, KYC 360 relayed a Reuters story saying that a Reuters investigation shows that those closest to Prime Minister Hun Sen family members and key police, business and political associates 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 and at times has sought to outlaw.  Among those who have acquired or applied for EU passports through a citizenship for sale arrangement in Cyprus are: his niece, Hun Kimleng, and her husband, Neth Savoeun, who is Cambodia’s national police chief; the country’s most powerful business couple, who are old family friends; and the finance minister, a long-time Hun Sen adviser.  It is said that, for example, Hun Kimleng bought an apartment in London in 2010 for £1.95 million (it could now be worth at least £3.5 million) and owns a multi-million-dollar apartment in a luxury condo in Singapore.  In 2016, she became a citizen of Cyprus – which involved an investment of at least €2 million.  Her husband is one of 12 generals Human Rights Watch named as those who form “the backbone of an abusive and authoritarian political regime” in Cambodia.

https://www.riskscreen.com/kyc360/news/khmer-riche-how-relatives-and-allies-of-cambodias-leader-amassed-wealth-overseas/

https://www.reuters.com/article/us-cambodia-hunsen-wealth-specialreport/special-report-khmer-riche-how-relatives-and-allies-of-cambodias-leader-amassed-wealth-overseas-idUSKBN1WV1E6

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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