Cambodian Prime Minister Hun Sen’s family has amassed a “vast fortune”, with stakes in at least 114 domestic companies spanning most of the Kingdom’s key sectors, including major energy, telecoms, mining and trading firms, according to an investigation by Global Witness, which accuses the Hun family of flouting the country’s laws to build a business “empire”.
The report, Hostile Takeover: The Corporate Empire of Cambodia’s Ruling Family, details the vast holdings of the Hun family across 18 sectors, finding that 27 relatives of the premier are linked to companies whose official share capital value is more than $200 million.
Further, the report – and sources spoken to by the Post – stress the paper trail is just “the tip of the iceberg”, stating the family is believed to use proxies to hide the true size of its business empire and its members’ personal fortunes.