A 57-year-old businessman was charged yesterday with issuing a bad cheque to a friend and fellow property businessman.
Sar Reth, resident of Phnom Penh’s Russey district, was then sent by a Phnom Penh Municipal Court investigating judge to Prey Sar prison pending trial.
Bun Visal, a police officer with the municipal criminal investigation department, said the accused borrowed money from his close friend, who lived in Daun Penh district, to improve his businesses.
Both parties signed a contract in January 2017, he said. The accused promised to repay the money at the end of December.
Mr Visal said that on the day the payment was due, the accused gave an $80,000 cheque to the plaintiff and told him to withdraw the money from his bank in Phnom Penh.
But when the plaintiff took the cheque to the bank there was no money in the account.
The plaintiff then tried to contact the accused and demand payment but the debt was never settled.
In March, the plaintiff filed a lawsuit against the accused with the municipal court. “Mr Reth was detained by police on Monday in accordance with a court warrant for his arrest,” Mr Visal said.