The exact amount of compensation is confidential, but it is equivalent to the gross profit that ANZ earned on its loan to Phnom Penh Sugar, said a representative for Inclusive Development International.
After a minor traffic incident, the son of a tycoon brandished an AK-47 rifle he later claimed to have picked up in his father’s sugarcane plantation, according to police.
More than 500 hectares, or about 16 percent, of Boeng Tamok, a natural lake in the northwest of Phnom Penh that is key for flood protection, is slated to be filled in and siphoned off to state institutions and private developers, government documents show.
Almost 700 villagers from Kompong Speu province protested outside the Land Management Ministry on Thursday to demand more than the $500 in compensation they were offered for losing several hectares of land each to a ruling party senator’s sugarcane plantation.
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