Man tried over bad cheque

Buth Reaksmey Kongkea / Khmer Times No Comments Share:
flickr/David Goehring/CC BY
flickr/David Goehring/CC BY

A 42-year-old businessman was yesterday tried by the municipal court for issuing a bad cheque worth $50,000 to another businessman to repay a debt.

Judge Ros Piseth of Phnom Penh Municipal Court identified the accused as Chea You, 42, a clothes vendor living in Phnom Penh’s Chamkarmon district.

Judge Piseth said Mr You was arrested on May 16, 2016, but was later released on bail.

. .

He was sued by Sok Sovann, 47, a property businessman.

Mr Sovann said yesterday that in 2014 Mr You borrowed a total of $150,000 from him in order to improve his retail clothes businesses.

Mr Sovann said he made a contract with Mr You for him to repay the loan, on a monthly interest rate of three percent, by March 2015.

Mr You lapsed on his repayments and later issued four separate cheques worth $50,000, which bounced.

“When I took the cheque to the bank, there was no money in his account to pay me,” said Mr Sovann.

. .

“And when I contacted him about the payment, he always asked for more time.”

At yesterday’s trial, Mr You admitted his mistake, but claimed he only borrowed $90,000 from Mr Sovann.

“He knew that I did not have money to pay him but he forced me to issue the cheque,” he told the court. “He then sued me when the cheque bounced.”

A verdict is due on January 3.

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