Fishing business deal turns sour

Buth Reaksmey Kongkea / Khmer Times No Comments Share:
KT/Chor Sokunthea

A 23-year-old businessman was yesterday charged in Phnom Penh Municipal Court with cheating more than $230,000 from a Vietnamese fish exporter.   

Interior Ministry police officer Ly Sothy identified the suspect as Ngin Sok Heng and said he was facing between six months and three years in jail for breach of trust.

The suspect was arrested on Tuesday following a legal complaint made by the plaintiff Trung Khna Nguven, 28, a fisheries businessman from Vietnam’s Ang Yang  province.

Mr Sothy said the plaintiff and the suspect started out as friends and partners in a joint venture to import fish into the country.   

Between January and September, the suspect imported more than 100,000 tonnes of fish from the plaintiff, but failed to pay him a total of $230,820.

“When the plaintiff demanded the payments, the suspect disappeared and cut off all contact,” the officer said.   

“To claim for the money lost, the plaintiff filed a lawsuit for intervention.”   

The suspect has been detained in Prey Sar prison and is awaiting trial.

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