Phnom Penh Municipal Court yesterday sentenced a former credit officer with a private microfinance company to 18 months in prison for stealing more than $8,000 from his employer and blowing it all in casinos.
Ngeth Reaksmey, 32, who worked for the Co-Microfinance Company in Phnom Penh’s Sen Sok district, was also fined three million riel ($750) and told he must repay the cash he stole.
Judge Seng Leang said the suspect was arrested in February and charged with breach of trust.
“The court ordered him to pay a total of $8,530 to his company in damages,” he said. In January, Mr Reaksmey forged a land document in the name of a former client and withdrew $8,530 from the company for his own use.
His actions came to the attention of the company’s general manager after the supposed borrower did not make the monthly repayments and a company representative visited the client’s house.
During his trial last week, Mr Reaksmey admitted his guilt and pledged to repay the money he stole.
“I took the money to play casino games because I was addicted. The money was all lost gambling,” he said.