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Article

27 Sep 2020

Author:
U.S. Department of Treasury

Cambodia: US govt. impose sanctions on Chinese state-owned company over corruption and environmental concerns over Dara Sakor development project

"Treasury Sanctions Chinese Entity in Cambodia Under Global Magnitsky Authority", 15 September 2020

China is the world’s largest emitter of environmental pollution including of greenhouse gases and the exploitation of natural resources around the globe..., the United States again took action by imposing sanctions on the People’s Republic of China (PRC) state-owned Union Development Group, Ltd. (UDG) under Executive Order (E.O.) 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act, for its role in corrupt activities in Cambodia...

The government of Cambodia granted UDG a 99-year lease ... for the development of the Dara Sakor project on a site that encompasses almost 20 percent of the country’s coastline. UDG was founded as a wholly-owned PRC corporation, but became a Cambodian enterprise in order to receive the lease for nearly 90,000 acres of land. The company then went back to being PRC-owned after acquisition of the lease and resulting land.

... The land in question is also considered part of Botum Sakor National Park, a protected natural area.

The United States stands with the Cambodian people and calls on the world to join us in condemning corruption and environmental degradation...

Part of the following timelines

Cambodia: US govt. sanction Chinese company operating in Cambodia over corruption & environmental degradation; company & govts. deny allegations

Cambodia–China Comprehensive Investment and Development Pilot Zone & Dara Sakor Seashore Resort