CPP Senator’s Company Says $40M Embezzled

7 July 2011
The Cambodia Daily
Economy and commerce
Anco / Anco Groups conglomerate / Cambodia / deputy director / DPP senator / Embezzlement / Kok An

The former deputy director of Anco Groups conglomerate and his wife have been denied bail when accused of stealing nearly $40 million. Anco Groups conglomerate is a consumer good vendor, electricity and hotel operator and is owned by Kok An. If convicted the former deputy director could face up to five years in prison.

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