A husband and wife were convicted in absentia by Phnom Penh Municipal Court yesterday and each sentenced to two years in prison for stealing $10 million from their company between 2007 and 2011.
Judge Kor Vandy identified the accused as 56-year-old real estate businessman Yu Sunachhong, the general director and chairman of the board of directors of Chhong Sun Group Ltd, and his 54-year-old wife Sou Keang.
He said they had both been charged with breach of special trust by administrators or other persons and had been sued by Mr Sunachhong’s younger sister Yu Chandavy and Ing Kimheang, who were shareholders of the Chhong Sun Group.
“The court decides to send them to two years each in prison,” said the judge.
Judge Vandy also ordered the accused to jointly pay about $200,000 in compensation to Ms Chandavy and about $100,000 to Mr Kimheang.
Tep Panha, the plaintiffs’ defence lawyer, said the accused exploited $10 million from the Chhong Sun Group between 2007 and 2011 by producing faked income and expenditure reports.
He said his clients became aware of the situation after the company started losing profit so they decided to conduct an internal audit in 2011.
Mr Panha added that his clients filed a lawsuit against the accused to the municipal court in 2013. The court will allow the accused to appeal before issuing an arrest warrant, according to Mr Panha.