A 35-year-old businesswoman yesterday stood trial at Phnom Penh Municipal Court for issuing bad cheques worth more than $4 million.
Judge Theam Chanpiseth identified the suspect as Kim Chansno, a real estate businesswoman from Phnom Penh’s Por Senchey district.
She was accused of issuing the cheques to clear debt she owed to a businessman.
Ms Chansno was arrested on August 1 last year, in accordance with a court warrant issued after a complaint made by Ek Samnang, a representative of Attwood Company.
The firm accused her of issuing bad cheques to pay back debt related to the purchase of construction materials in 2016.
Meas Sithan, the plaintiff’s lawyer, said Ms Chansno purchased steel worth $4.4 million from Attwood Company in 2016.
Ms Sithan said the accused later issued three cheques worth more than $4 million to clear her debts in June and July last year.
The cheques bounced and the debt remain unpaid.
“My client wants $4.4 million in damages and another $500,000 in compensation from the accused,” Ms Sithan said.
At yesterday’s trial, Ms Chansno admitted her mistakes.
She told the court she was unable to repay the debt because her business was in crisis.
“I promise I will find the money to pay the plaintiff back,” she said. “I would like to ask the court to release me from prison so that I can earn money to pay the plaintiff back.”
The verdict is due on Thursday.