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Advocacy Group Raises Questions About Cambodia's Gold Imports

Cambodia imported about $15 billion worth of gold during five years from Singapore, according to government statistics compiled by nongovernmental organization Mother Nature Cambodia — a figure so large, corruption monitor groups say it raises alarms about potential financial crimes, particularly smuggling. Cambodian officials dismiss the accusation, saying much of the gold is simply transiting the country on its way elsewhere. The amount of imported gold — 407 tons — eclipses corresponding Singaporean export figures for the same commodity to all other countries during the same period, including several with larger economies than Cambodia, such as China, the data shows. It is also $12 billion more than the value of all of Cambodia's other imports from Singapore during the same period, said the monitor group based on publicly available records from the Ministry of Commerce, which do not break down specific goods or commodities. Mother Nature Cambodia's founder, Alejandro Gonzalez-Davidson,...

 

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