Ride-hailing giant Grab signed a Memorandum of Understanding (MoU) with the government’s Anti-Corruption Unit (ACU) on Monday, agreeing to immediately report any future incidents of corruption or bribery to the state body.
The MoU between Singapore-based Grab and the ACU comes less than a month after the company entered the Cambodian market, and the agreement complements the company’s existing anti-corruption policies, according to Wee Tang Yee, Grab’s country head for Cambodia and Thailand.
Kheang Seng, vice president of the ACU, presided over the ceremony today, which also saw law firm Tilleke & Gibbins sign an MoU with the body. During his prepared remarks, Seng said the two companies’ MoUs brought the total number of agreements signed with the ACU to 88.
“These companies clearly have a strong will to fight against corruption, and now these companies are protected by the law,” he said, urging more companies to sign similar agreements.
The ACU launched in 2010 with Om Yentieng, a longtime advisor to Prime Minister Hun Sen, as its head.
In the most recent Corruption Perception Index report published by global anti-corruption watchdog Transparency International in January 2017, Cambodia ranked 156 out of 176 total countries, the worst ranking for any country in the region.