Anco report flawed: auditor

The auditor who submitted a report used to convict a husband and wife of embezzling tens of millions of dollars from a company owned by the wife of a tycoon senator admitted yesterday that the quality of his audit was “poor”. ... The report was used to convict a university rector and her husband of breach of trust after it found that between 2001 and 2010 more than US$58 million had been transferred into their joint account from one used by Anco brothers company owner Sok Im, the second wife of Kok An, a casino owner and senator in the ruling Cambodia People’s Party. Anco Brothers distributes Budweiser beer, Evian water and British American Tobacco products in Cambodia. ... Kak Key cast doubt on evidence introduced by the defence, saying some of the money transferred from the Heng Chheng-Tep Kolap account to the Heng Chheng-Sok Im account came from Kok An’s first wife, whom he referred to as Sok Im’s sister. Anco Brothers did not have a corporate account and conducted business through the account registered in Sok Im and Heng Chheang’s name.

http://www.phnompenhpost.com/index.php/2012030954952/National-news/anco-report-flawed-auditor.html