Misuse of Funds Just the Tip of the Iceberg
October 14, 2007, 4:35 am
Filed under: Corruption

Opinion

 Misuse of Funds Just the Tip of the Iceberg

 

By Moeun Chhean Nariddh

 

W

e agree with the Cambodian Finance Minister that the government’s military demobilization team was indeed careless regarding the multimillion dollar corruption scandal within the demobilization process (“Gov’t Repays Misused Funds to World Bank,” January 21, page 1).

 However, this military demobilization corruption is just the tip of an iceberg. According to a recent US government report, every year, up to $500 million melt away mysteriously in Cambodia due to corruption like an iceberg affected by global warming.

 At the North Pole, the mount of ice that you see floating on the surface of the Artic Ocean is only one ninth of the entire iceberg.

 Like corruption in Cambodia, eight ninth are submerged under water and cannot be seen.

 One should be reminded that it was this type of mountain-like iceberg that caused the Titanic to sink in April 1912.

     Like the Titanic, Cambodia and its economy can also sink (it may have also sunk or be sinking) because of the unseen massive corruption.

 

The CAMBODIA DAILY

MONDAY, JANUARY 24, 2005

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