Australia's ANZ agrees payout to Cambodians locked in land dispute
Australia's ANZ agrees payout to Cambodians locked in land dispute. Group that is run by a Ly Yong Phat, a Cambodian senator and advisor to Prime Minister Hun Sen. At the time the company was involved in a land dispute with 1,200 mainly farming families in southern Kampong Speu Province, who said they were offered little compensation for land they had worked for years that was awarded to the firm for a plantation and refinery. Phone calls made to Phnom Penh Sugar and the L.Y.P Group went unanswered and there was no immediate reply to a Thomson Reuters Foundation email request for comment. Since the early 2000s, Cambodia has awarded large swathes of land to foreign companies for mines, power plants and farms to spur economic growth and alleviate poverty. But human rights lawyers have voiced concerns that such deals - which covered more than a tenth of the country's surface area by 2012 - have forced more than 770,000 people from their homes. The payout reached with ANZ should serve as an example to other land disputes that remain unresolved, said Eang Vuthy, head of Equitable Cambodia, a land rights charity advocating for the families.