Siem Reap Provincial Court yesterday charged a property developer with fraud after he allegedly defrauded Cambodians overseas out of millions of dollars.
Phnom Penh Municipal Court initially handled the case, but it was transferred to Siem Reap on Saturday.
Siem Reap Provincial Court spokesman Yin Srang identified the suspect as Dim Sounnath, general director of real estate firm Enarita Development Company, and that Mr Sounnath was charged with two counts of fraud.
“The provincial court charged him with fraud and issuing bad cheques, in accordance with Article 377 and 29 of the Criminal Code, and Article 231 of the Law on Negotiable Instruments and Payment Transactions,” Mr Srang said, noting that he was detained by the police from the Interior Ministry’s penal department.
If found guilty, Mr Sounath could face up to eight years in prison.
Enarita Development is known to have plans to sell land in resort areas in Siem Reap, Battambang, Pailin and Preah Vihear provinces.
Mr Sounnath was arrested on July 16, after Phnom Penh Municipal Court and three other provincial courts issued arrest warrants.
According to a warrant issued by Municipal Court prosecutor Keo Sothea, dated July 10, Mr Sounnath was summoned over multiple complaints in connection to allegations of fraud and issuance of dud cheques.
Lieutenant General Ngeng Chou, head of the Interior Ministry’s penal department, said the suspect issued hundreds of millions of dollars in dud cheques.
“Police received a dozen complaints filed in Phnom Penh and 15 provinces across the Kingdom against Mr Sounnath because he allegedly issued dud cheques worth nearly $300 million,” Lt Gen Chou said.
Lt Gen Chou said an investigation into the case began when the Interior Ministry received a complaint about the suspect on July 5.
According to a police report, a plaintiff said he invested in the company because Mr Sounnath issued a personal guarantee and a thumbprint with a promise of high returns.
According to the report, the victims were hundreds of Cambodian migrants living in South Korea.