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Businessman charged with breach of trust

Buth Reaksmey Kongkea / Khmer Times Share:
The accused sold vehicles given as collateral. Post News

Phnom Penh Municipal Court yesterday charged a man with cheating a business partner out of more than $120,000 in a used car sales in Tuol Kork district.

Seng Sokha, a court clerk, identified the accused as Prak Bunna, 47, the owner of a vehicle pawning business in the district’s Boeng Kak II commune.

He said Mr Bunna is charged with breach of trust and faces up to three years in jail if convicted.

Mr Sokha noted that the accused was sued by Prak Piseth, 33, a used car dealer in the city’s Chamka Mon district.

He said that the investigating judge sent Mr Bunna to Prey Sar prison pending his trial.

Major Sok Savuth, a municipal police officer, yesterday said that according to Mr Piseth’s complaint on September 24, he had borrowed $127,500 from Mr Bunna in 2015 to expand his business in the city.

He noted that Mr Piseth gave the accused nine cars as collateral and both parties signed a contract.

Maj Savuth said that Mr Piseth also promised to repay the loan in monthly instalments, and fully settled it in August this year.

He noted that after settling the loan, Mr Piseth asked for his cars back but Mr Bunna did not return the vehicles because he had sold them.

“To claim his money back, the victim filed the lawsuit against the accused,” Maj Savuth said. “Mr Bunna was arrested on Friday after the court issued a warrant against him.”

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