Canadia Bank’s Credit Chief Aided $2.3M Embezzlement
One of the four suspects who have been arrested for their alleged involvement in the theft of $2.3 million from Canadia Bank was the head of the bank’s credit section during the time that the embezzlement scheme was carried out, according to a senior adviser to the bank’s executives. Leng Suntry, whose involvement in the massive theft was not disclosed in police reports, headed Canadia Bank’s credit operations until late September, when he and two others were arrested by police, according to the adviser, who spoke on the condition of anonymity as he was not authorized to speak to the media. … The inside job by top managers at Canadia Bank is one of the largest frauds to have been undertaken in Cambodia’s rapidly expanding banking sector. Police reports claim that five credit cards were created by Ms. Sopheaktra and used to withdraw $2.3 million from ATMs in Phnom Penh over a six-month period. … Chuong Eav Heng, the lawyer for Canadia Bank who is listed on police reports as the complainant in the case, said that he did not know how much of the stolen money has been recouped since the arrests. Mr. Sophear said that the four suspects have been questioned in court and are being held in pre-trial detention at Phnom Penh’s Prey Sar prison.
Colin Meyn and Eang Mengleng
http://www.cambodiadaily.com/news/canadia-banks-credit-chief-aided-2-3m-embezzlement-44777/
