Seized timber sold for $15 mil

31 October 2016
Khmer Times
Forest products / Ministry of Economy and Finance / Ministry of Environment
luxury timber / National Anti-Deforestation Committee (NADC) / V Energy Logistic

A total of 60,000 cubic meters of illegally-felled luxury timber confiscated by the National Anti-Deforestation Committee (NADC) sold at auction yesterday for $15 million, $3 million above the reserve price. Soung Meng Kea, chairman of the subcommittee running the auction and undersecretary of state at the Ministry of Economy and Finance, said that only one company – V Energy Logistic – placed a bid for the timber at the auction which was conducted at the Environment Ministry. …

 May Titthara
http://www.khmertimeskh.com/news/31435/seized-timber-sold-for--15-mil/

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