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From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of samngatki Sent: Monday, October 13, 2008 6:12 AM To: [EMAIL PROTECTED] Subject: Garment manufacturer Tack Fat has gone bankrupt KHMER INTELLIGENCE NEWS 13 October 2008 Garment manufacturer Tack Fat has gone bankrupt (1) The Hong Kong-based daily newspaper South China Morning Post, October 8, 2008, confirmed that Tack Fat Group International, a well-known firm listed on the Hong Kong Stock Exchange and the mother company of Tack Fat Garment (Cambodia) Ltd, a major garment manufacturer in this country, has gone bankrupt. The news reads as follows, "Last month [September 2008], banks applied to wind up (.) swimwear maker Tack Fat International Group after [it] defaulted on loans." Tack Fat becomes the second "collapse of a Hong Kong-listed retailer amid the financial meltdown." According to a business analysis, "Tack Fat Group's principal activities are designing and manufacturing of jeans, pants, shorts, swimming apparel and sportswear for men, women and children. Other activity includes investment holding. The Group has three production facilities, one of which is located in Luoding City, Guandong Province, the People's Republic of China and the other two of which are located in Phnom Penh, Cambodia. The majority of the Group's products are exported to the North American, European markets and other regions." <http://tinyurl.com/3mpvvl> http://tinyurl.com/3mpvvl A September 16, 2008 statement by the Group's "Provisional Liquidators Appointed" specifies, "The place of incorporation of the Company is in Cayman Islands and the shares [were] suspended for trading since 9:30am, 30 July 2008." <http://tinyurl.com/3lgb8a> http://tinyurl.com/3lgb8a Information about Tack Fat Garment (Cambodia) Ltd can be obtained at <http://tinyurl.com/437q8l> http://tinyurl.com/437q8l Property prices start to fall in Cambodia (2) Land prices, which have increased about ten-fold over the last five years, have started to fall markedly as a result of the world financial crisis and speculators being caught in a sudden property glut. An increasing number of projects are now stalled. In particular, Korean and Chinese investors, who have been most active in land development projects - which help launder corruption and other illicit money along with the gambling industry - start to repatriate a portion of their funds. Many Cambodian people who mortgaged their houses to engage in land speculation are starting to feel the pinch, being unable to pay hefty interests on loans from their banks. After a sharp decline in the number of transactions, land prices are expected to fall between 30 and 50 percent in the next twelve months. Retail gasoline price to fall from 5,000 riels to 4,000 riels per liter (3) Crude oil price on the international market is now at about US$80 per barrel (1 barrel = 159 liters), down from a peak of US$147 a barrel on July 11, 2008 (- 46 percent). A year ago, in October 2007, the price of crude oil on the international market was also at US$80 a barrel and the retail price of gasoline in Cambodia was at 4,000 riels per liter. Therefore, the retail price of gasoline should drop from 5,000 riels per liter now to 4,000 riels per liter in the coming days if Cambodian gasoline distribution companies were to pass on to consumers the recent decrease in their supply cost as reflected in the drop in international crude oil price. [End] 10 October 2008 Police's involvement in journalist Khim Sambo's murder (3) The Hong Kong-based South China Morning Post, October 3, 2008, gave some clues that might be helpful for any serious investigation into the recent murder in Phnom Penh of opposition journalist Khim Sambo. Press correspondent Vincent Maclsaac writes in his report, < In the June 28-29 weekend edition of the daily Khmer Conscience, which is affiliated with the opposition Sam Rainsy Party (.), Khim Sambo (.) [mocked] the behaviour of a senior police officer described by many as "one of the most dangerous men in Cambodia". He reported on an incident that allegedly occurred (.) on June 25 at a casino complex at a border crossing with Vietnam in the town of Bavet in Svay Rieng province. After losing his shirt at Le Macau Casino and Hotel, the officer borrowed [money] from the casino, lost that, borrowed more - and lost again. When the casino manager refused to lend any more, he had him arrested by the junior [police] officers accompanying him, Khim Sambo reported (.). Several [sources] - all of whom requested anonymity, citing concern for personal security - said that Khim Sambo was writing about Cambodian National Police Commissioner Hok Lundy. > Khim Sambo, 47, and his 21-year-old son Sarinpheatra were shot dead in broad daylight by unknown killers on July 11, 2008. On May 18, 1996, journalist Thun Bun Ly was also shot dead in similar circumstances after mocking in opposition newspaper Khmer Ideal a few days before his death the wife of a powerful political leader. Read South China Morning Post's whole article at <http://tinyurl.com/3ed232> http://tinyurl.com/3ed232 New evidence of massive election fraud on July 27, 2008 (2) Over the last few weeks new evidence of fraud at the July 27, 2008 national election has been exposed. Fraud was systemic because the election was totally controlled by the ruling CPP through the National Election Committee (NEC). The evidence shown is related to manipulation of voter lists leading to a massive disenfranchisement of legitimate non-CPP voters and a broad mobilization of illegitimate voters to cast ballots for the CPP by using ghosts' names. These are two manoeuvres with far-reaching implications that most international election observers did not see because they took place before Voting Day and outside the polling stations. As a result of the fraud, the last poll has obviously distorted the will of the Cambodian people. Evidence of fraud is contained in three main documents: 1- "What election observers did not see in a rigged election" at <http://tinyurl.com/6gw3rz> http://tinyurl.com/6gw3rz 2- "Voter list cleaning (by the NEC) and political opponent cleansing (by the CPP)" at <http://tinyurl.com/45mfpu> http://tinyurl.com/45mfpu 3- "International election observers must open their eyes" at <http://tinyurl.com/52t3eg> http://tinyurl.com/52t3eg No democratic government has congratulated the CPP following its landslide victory (2) As of today, only the government of North Korea has sent a message of congratulations to the CPP and to Cambodia's new/old leaders following their landslide election victory on July 27, 2008. Democratic governments have refrained from doing so, possibly because of doubts about the election's integrity (see evidence of fraud exposed above) and reservations about the controversial "package vote" on September 25 whereby the legislative and executive branches of the government had their respective leaderships elected at the same time, through the same single vote! Read a relevant press article in Khmer published today at <http://tinyurl.com/3kcqkk> http://tinyurl.com/3kcqkk No position for Ranariddh (2) Even though the Norodom Ranariddh Party (NRP) has finally recognized and accepted the results of the July 27 election and declared that it is no longer an opposition party, Prince Norodom Ranariddh was not given any position in the new government. The NRP ex-President had thought that he could be appointed President of the Constitutional Council (replacing Ek Sam Ol) or Royal Palace Minister (replacing Kong Sam Ol). But the first position is a highly strategic one for the CPP and must be occupied by a CPP stalwart, and any pretender to the second position must have the support of the King, which does not seem to be the case for Prince Ranariddh. Hor Namhong gave false information about Princess Nanette and Prince Sisowath Methavy (2) French weekly Le Journal du Dimanche, July 23, 1989, quoted [then Prince now] King Father Norodom Sihanouk as declaring, "Hor Nam Hong, former commander of a Khmer Rouge concentration camp [Boeng Trabek detention camp], is responsible for the death, after atrocious tortures, of many former members of the anti-American Resistance, such as my cousin Prince Sisowath Methavy, and his spouse [Princess Nanette], the elder sister of my wife [now Queen Mother Norodom Monineath Sihanouk]." Princess Sisowath Nanette arrived at Boeng Trabek camp in October 1977, directly from France, to join her husband Prince Sisowath Methavy who had returned to Cambodia since 1976, only one year after the Khmer Rouge take over. Following a short stay in Chraing Chamres, Prince Methavy was sent to Boeng Trabek camp in February 1977. Princess Nanette actually lived in Boeng Trabek camp for only six months before she and her husband were taken away to be executed in April 1978. This is confirmed by many surviving prisoners from the three sections of Boeng Trabek camp (B30, B31 and B32), who all confirm that they last saw Princess Nanette and her husband around the Cambodian New Year that took place in April 1978. In an interview published in Khmer-language newspaper Rasmei Kampuchea, April 23, 2008, Hor Nam Hong says the Sisowath couple lived with him "until the end of 1978" before being taken away and killed by the Khmer Rouge. However, surviving witnesses say that the Khmer Rouge had stopped taking away and killing Boeng Trabek prisoners since August-September 1978, when living conditions suddenly started to improve as the Pol Pot regime tried to mobilize all Cambodian forces to counter increasing pressure from Vietnamese troops. The late CPP Justice Minister Chem Sgnuon, who was detained at Boeng Trabek camp until Vietnamese troops arrived in January 1979, used to tell many people how cruel Hor Nam Hong was when he was the Khmer Rouge-appointed camp chief. Chem Snguon avoided talking with Hor Nam Hong because of this bitter past. 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