Loan sharks charged over kidnapping

Buth Reaksmey Kongkea / Khmer Times No Comments Share:
One of the two men held over extortion. Fresh News

Phnom Penh Municipal Court on Saturday charged two Taiwanese men over the unlawful confinement, assault, and extortion of a Taiwanese businessman who owed $220,000 in gambling debt.

Captain Ly Sarith, an officer with the municipal military police, identified the accused as Chang Yu Min and Xiao Jiun Hong, both from Taiwan, and noted that two other suspects remain at large.

Cap Sarith said the two accused men were charged with assault, unlawful confinement and extortion. If convicted, they could face up to five years in prison each.

He added that they were arrested on Thursday after a complaint was filed by 36-year-old businessman Yang Shi after he was confined at a condo in Meanchey district, where the accused attempted to extort $220,000.

Cap Sarith said Mr Chang and Mr Xiao, along with the two other suspects who remain at large, lured Mr Yang to gamble at a casino in Phnom Penh.

The victim lost money gambling and took out loans worth about $200,000 from the men in order to recuperate his losses.

“After losing his money gambling, the victim did not have the money to pay the men back, so the accused caught the victim and confined him,” he said. “They beat him and forced him to get his family to pay his debt, but the family could not pay the ransom.”

Cap Sarith said that the victim later fled his four captors on the night of July 25 after the accused left the condo.

Following the escape, Mr Yang filed a complaint against the four men with the National Military Police.

Two of the four accused were later arrested on Thursday at a villa in the district.

He noted that military police are now seeking to arrest the two other men involved in the case.

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