MDS Import Export Co., Ltd. #38504

Tycoon Try Pheap, known for his criminal deforestation, has a fortune of over $1256 million and controls many companies.

2019-11-25

Men Nat

CWCI Cambodia

A document reveals the criminal forestry tycoon, Try Pheap, with an investment of more than $1256 million, who opened 21 timber companies, including 14 companies that received economic land concessions and special economic zones from Hun Sen’s government, with a total area of ​​68088 hectares.

The Cost of Luxury

2015-02-01

Global Witness

The book The Cost of Luxury: Cambodia's Illegal Trade in Precious Wood with China by Global Witness is a 2014 report that details Cambodia's illegal trade of valuable wood to China. The report highlights how this illicit trade contributes to the depletion of Cambodia's forests and is tied to other issues like corruption and the illicit financial activity that profits from it. The "luxury" in the title refers to the high-value, often luxury-grade, wood that is illegally harvested and traded, profiting criminal networks while devastating natural resources.

Cambodia government seizes back economic land concession licenses from 23 companies last year

2015-01-06

Farmlandgrab

Cambodia government seizes back economic land concession licenses from 23 companies last year Cambodian Environment Minister Say Samal said Tuesday that the government had cancelled licenses of economic land concessions (ELCs) for 23 companies last year after the firms have failed to develop the land for years. "In the past year, a total area of 90,682 hectares of the ELCs had been taken back from 23 companies and put under the management of the Environment Ministry,"he said at a press conference. The government has awarded ELCs to investors in order to develop agricultural projects such as plantations, raising animals and building factories to process agricultural products. Companies could possess ELCs up to 99 years. In May 2012, Prime Minister Hun Sen ordered a temporary halt to granting ELCs to new firms with an aim of strengthening the effective management of ELCs.