Gov’t audit shows Vietnam Rubber Group missing millions
Contentious plantation giant Vietnam Rubber Group reportedly “lost” nearly $391 million of state funds over five years, including $22.75 million from a rubber plantation in Cambodia, an official investigation into the firm’s dealings has found, according to Vietnamese media. Hanoi’s anti-corruption body, the General Inspectorate, last week concluded a years-long investigation into the state-run company, which reportedly owns more than 160,000 hectares of land concessions in Cambodia. In what it called a “major violation”, the audit found that one of VRG’s subsidiaries, Phu Rieng Kratie Co, had lost nearly $23 million since it began cultivating its 6,400-hectare Snuol district plantation in 2007. …
Daniel Pye and May Titthara
http://phnompenhpost.com/national/govt-audit-shows-vietnam-rubber-group-missing-millions
