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Money transfer manager jailed over $30,000 theft

Buth Reaksmey Kongkea / Khmer Times Share:
Ly Piseth is accused of breach of trust. CEN

Kampot Provincial Court yesterday charged the manager of a money exchange company over the theft of nearly $30,000 from the firm’s branches in the province and also Kep province.


Major Seng Vichet, a provincial police officer, identified the accused as Ly Piseth, 26, who was in charge of branches in the two provinces for the Ly Hour Money Exchange company.

Maj Vichet said the accused was arrested on Tuesday and has been charged with breach of trust.

“A company auditor discovered the theft when she was checking the end of the month accounts that day,” Maj Vichet said. “She questioned the accused and he admitted to taking the money for his own use.”

He said according to a complaint lodged by the company, Mr Piseth was employed to work as a staff member at one of its Kampot branches in 2016. He was promoted to manager after a few months because he proved to be very good at his job.

As manager, Mr Piseth had full control over the company’s operations in the two provinces, including the transfer of money to its customers, Maj Vichet said.

He said that on Monday, Mr Piseth withdrew $28,000 for his personal use from the company by using its money transfer codes. Mr Piseth was arrested the following day after the company complaint was filed.

Maj Vichet said the accused is now in prison pending his trial.

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