In December 2014, three men were sentenced in Southwark Crown Court in the UK to a total of 28 years for their involvement in a £23 million biofuel investment fraud. While handing down the sentence, judge Martin Beddoe described the fraud as a “thickening quagmire of dishonesty”.
The Areng Valley in southwest Cambodia has been home to the Chong indigenous people for more than 600 years. The area is also home to elephants, pileated gibbons, clouded leopards, and is one of the most important breeding sites for the endangered Siamese crocodile. But a proposed dam threatens the river, the forests and its…
“The Oddar Meanchey REDD project model is centered on local people’s participation in forest management,” said Ty Sokhun, head of Cambodia’s Forestry Administration in 2009. Five years later logging is rampant in the project area. Local people and the project developers are powerless to stop it. The Cambodian government does not seem interested.
Things just keep getting worse for the Oddar Meanchey REDD project in Cambodia. According to a report last week in the Cambodia Daily, logging is now so rampant that community leaders have given up on REDD.
This is a story involving a company called Sustainable AgroEnergy, a jatropha plantation in Cambodia, boiler room companies, retail investors asking where their money went, banks in Switzerland, Tanzania and the British Virgin Islands, a member of the House of Lords, and the Serious Fraud Office.