Shukaku Inc. is a private development company based in Phnom Penh, Cambodia.
[6][7] The company filled in the Boeung Kak lake in central Phnom Penh amid controversy and protests, and is now undertaking commercial development there.
Later in the same month of February 2007, the Phnom Penh Municipality and Shukaku Inc. signed a $79 million 99 year lease agreement for over 133 hectares of prime real estate including Boeung Kak and the surrounding land[8][9] affecting around 4,225 families.
[11] In September 2010, over 1500 affected families were forced to accept compensation for their homes and land well below the market value.
[9] Yim Sokhom, an army commander claims that representatives of Shukaku Inc. offered a reimbursement of US$4000 for his property though similar properties around Phnom Penh would sell for over US$40,000[4] Many former residents of the lake villages now live in slums surrounding the lake.