Credit officers arrested over embezzlement

Buth Reaksmey Kongkea / Khmer Times No Comments Share:
The two men are accused of stealing about $20,000 from their employer. Swift News

Two credit officers were arrested on Saturday for allegedly embezzling about $20,000 from the company they worked for in Phnom Penh.

Sok Pheng, with the Chamkar Mon district police, identified the two men as Chhron Mao, 26, and Ken Ratana, 39.

Both men were credit officers with the Shakkrinapheap Microfinance Company, a private institution providing micro loans in Phnom Penh.

The suspects were arrested after a lawsuit was filed by company representatives, said Mr Pheng.

Mr Pheng said the lawsuit stated that between January and April of this year, the two suspects stole about $20,000 from the company using forged documents.

He added that the company became suspicious and started inspecting client reports and found many of the documents were forged. In response, company representatives sued both suspects.

“They are accused of breach of trust. They are each facing six months to three years in jail if convicted,” Mr Pheng said.

Mr Pheng said both suspects remain detained at the Chamkar Mon district police office and are expected to make their first court appearance today.

Share and Like this post

Related Posts

Previous Article

Measures enacted to control foreigners living in Sihanoukville

Next Article

Fire destroys factory