US Treasury Sanctions Chinese Developer For Land Seizure, Graft in Cambodia Project

UDG is building the US $3.8 billion-dollar Dara Sakor investment zone in Koh Kong province.

The U.S. Department of Treasury on Tuesday sanctioned a Chinese developer for the “seizure and demolition of local Cambodians’ land” during construction of the Dara Sakor project in Cambodia, which has been touted by Beijing as one of the key pieces in its Belt and Road infrastructure initiative.

The sanctions by the Treasury’s Office of Foreign Assets Control (OFAC), which target perpetrators of serious human rights abuse and corruption under the Global Magnitsky Human Rights Accountability Act, prohibit Union Development Group (UDG) from conducting business with any U.S. citizen and cuts it off from the U.S. financial system, the agency said in a statement.

Additionally, land granted to UDG as part of a lease by the Cambodian government extends into Botum Sakor National Park, a protected area which can only be handed over by royal decree. The Treasury Department said that in order to obtain the land, UDG falsified its registration to hide its Chinese ownership.

In full: https://www.rfa.org/english/news/cambodia/sanctions-09152020113052.html

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