Kosovo man held over $20 million fraud claim

Cheang Sokha / Khmer Times No Comments Share:
$20,000 was supposed to go towards building resorts.

Phnom Penh Municipal Court yesterday began questioning a businessman from Kosovo who allegedly cheated his Cambodian business partner out of $20 million earmarked for luxurious resorts in Kep and Kampot provinces.

Court spokesman Ly Sophanna identified the suspect as Denis Cokovic, alias Denis Deney, 54.

“The case is under process,” said Mr Sophanna.

Military police arrested Mr Cokovic on Friday at his apartment in Daun Penh district, where they confiscated $420,000 in cash and an Australian passport, according to a report by Fresh News.

The report said Cokovic travelled to Cambodia and opened a firm with his Cambodian partner, who is reportedly the wife of a senior government official, to develop resorts in Kep and Kampot.

Mr Cokovic allegedly continued to request more money without providing any development results, leading to a lawsuit filed by his partner.

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