Cambodian businessman arrested for ‘massive’ $61 million fraud

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A prominent businessman has been arrested in Phnom Penh on charges related to the alleged $61 million fraud of a tycoon.

On the afternoon of December 20, 2022, the Phnom Penh Municipal Gendarmerie arrested Chhorn Bora, male, 53 years old, businessman, residing in Koh Krapi village, Sangkat Prek Thmey, Khan Chbar Ampov, Phnom Penh.

According to sources, in mid-August 2022, a tycoon filed a complaint with the Phnom Penh Military Police that during 2014-2015, 4 people conspired to sell a 46-hectare wind farm located in Prek Long 3 village, Chak Angre Krom commune, Meanchey district, Phnom Penh for 73,600,000 US dollars.

The four traders later sold another plot of land to the same tycoon, covering nearly 10 hectares in Prek Tapov village, Doeum Mean commune, Takhmao city, Kandal province, for $ 13,930,000, claiming it was joint ownership.

At the time of the land purchase and sale, the plaintiff handed over the money to the four men, totaling $ 61,145,000.

After receiving the money, the four traders did not register the legal land title to the buyer under the sale and purchase agreement and avoided the tycoon

Phnom Penh Military Police under the direction of Lt. Gen. Rath Srang, Deputy Commander of The National Gendarmerie and the Commander of the Phnom Penh Gendarmerie ordered the Special Forces (Judicial Police Officer) to open an investigation and search procedures until the arrest of one of the four suspects, Chhorn Bora.

Agencies

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