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Broker charged over $60,000 land fraud

Buth Reaksmey Kongkea / Khmer Times Share:
Phuong Sam Ol. National Police

Kandal provincial court charged and jailed a land broker accused of cheating a real estate company owner into buying more than 200 hectares of land owned by others in 2018.

 

A provincial court document obtained today identified the accused as Phuong Sam Ol, 54, from Leuk Dek district.

He was charged with fraud under articles 377 and 378 of the Criminal Codes. Sam Ol was arrested on Wednesday and is now in prison pending trial.

 

Major Chuon Bunthoeun, district deputy police chief, said  that according to a police report, on October 26, 2018 the accused sold 208 hectares of farm land at $4,000 per hectare to Nuong Treav, 53, a real estate-businessman living in the district.

 

He said Sam Ol demanded a deposit of $60,000 as advance payment to cover the costs of obtaining land titles and other documents.

 

Maj Bunthoeun said the remainder of the money for the land was to be paid after the accused delivered the titles and relevant documents to the victim within a period of three months.

 

Both parties signed a contract over the land deal.

 

“But on the day of deadline on January 26 last year, the accused did not have any documents to give the victim because the 208 hectares belonged to other villagers, Maj Bunthoeun said. “The victim then demanded his $60,000 back but the accused did not have any money to repay him.”

“Sam Ol asked Mr Treav for three more months to enable him to acquire alternative land from other villagers,” he added.

Maj Bunthoeun said the victim agreed but three month later in May 2019, the accused went missing and Mr Treav filed a lawsuit against him.

 

He said the accused was later arrested on Wednesday and sent to the provincial court for questioning on Friday before he was charged the next day.

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