CIC fraud case - Khmer Times

Tag: CIC fraud case

August 29, 2024

Park Cafe owner remanded in custody on multi-million dollar fraud charges

Prominent Cambodia businessman Kuy Vat – CEO of the Park Cafe chain and an number of other businesses – has been remanded in custody in connection with a case of fraud and embezzlement understood to total millions of dollars.

August 28, 2024

CIC completely rejects ‘false and baseless’ report of foreign newspaper

The Committee for Recovery of the Company and Fund of the Cambodian Investors Capital Partners Plc (CIC Partners) issued a statement saying that it categorically rejects the false and baseless information of a foreign newspaper regarding the company.

August 26, 2024

Prominent businessman arrested over CIC fraud case

A prominent Cambodian businessman has been arrested over issuing a bad cheque and for fraud and embezzlement understood to total millions of dollars in connection with the Cambodian Investors Corporation Plc (CIC) case.

China and the US Stabilizing their Complex Ties
Accounting for over 40 percent of global GDP, the US-China relationship is undeniably the most significant and complex bilateral relationship in the world.
Challenges Facing Small and Medium Enterprises (SMEs) in Accessing Loans in Cambodia
The challenges faced by Small and Medium Enterprises (SMEs) in Cambodia when accessing loans are multi-faceted and deeply intertwined with the economic and regulatory environment.
Cambodia’s Green Energy Transition Needs Reforms
Cambodia is at a critical juncture in energy transition. The nation faces rapid energy demand growth and high electricity prices due to its reliance on fuel imports. Simultaneously, Cambodia’s vulnerability to climate change, particularly from increased flooding risks, threatens critical infrastructure.

Daunting task of formalizing Cambodia’s informal sector
The informal economy in Cambodia plays a significant role in the nation’s overall economic structure, contributing approximately 48.7% of GDP during the period from 1999 to 2007, as highlighted by (Tanaka & Hashiguchi, 2019).
Bangladesh’s many fault lines explain its turmoil
While there are various reasons explaining the events in Bangladesh over the past few weeks, the central narrative forwarded is the autocratic governance style of the deposed Prime Minister (PM), Sheikh Hasina.
Barnier: the ‘French Joe Biden’ who grappled with Brexit
VETERAN French politician Michel Barnier has held a collection of top jobs as minister, European Union commissioner and negotiator on Brexit during a half-century political career that has seen him tack further to the right in recent years.
Cambodia-South Korea Relations Under Hun Manet and Future Cooperation
As Cambodia commemorates the year of Prime Minister Hun Manet’s tenure in office, it is a fitting moment to contemplate the status of Cambodia-South Korea ties and consider ways to enhance this vital alliance further since establishing diplomatic relations in 1997.

When heat turns deadly
Inside the climate chamber where Owen Dillon’s sitting, it’s unbearably hot.
Green energy transformation to create employment opportunities
The green energy transformation is expected to significantly impact employment, creating new opportunities while posing challenges for certain sectors. According to the World Economic Forum, the transition to renewable energy will create millions of new jobs globally.
Cambodia, China, ILO call for disability inclusion in job market
The National Employment Agency under the Ministry of Labour and Vocational Training (MLVT)of Cambodia, in collaboration with the International Labour Organization (ILO) and the Ministry of Human Resources and Social Security (MOHRSS) of China recently hosted a regional knowledge-sharing workshop to facilitate the exchange of good practices among Southeast Asian officials. The workshop puts disability inclusion high on the agenda to ensure that persons with disabilities are not left behind.