Documents revealed in massive fraud case
The documents concern a court case brought by representatives of Hong Kong-based Enviro Group Holdings Limited who are suing John Davies and Lim Lian Tho – both former company directors of Phnom Penh based subsidiary Enviro Corporation (Cambodia) Ltd – and Mark McCluskey, a lawyer for John Davies. …. It is alleged in the documents that John Davies, Lim Lian Tho and accomplices falsified papers and deceived a group representative in Hong Kong into increasing the share capital of Enviro Group from 10,000 shares to 200 million shares in order to attract foreign investors in 2008. They then allegedly sold a Swiss investor 10 million shares worth around US$2.3 million, which was transferred to an account at the Foreign Trade Bank of Cambodia, from which they later withdrew around $575,000. … Nauv Thouk, director-general of the forestry department at the Ministry of Agriculture, Forestry and Fisheries, said yesterday that the government had granted Enviro Corporation more than 20,000 hectares of land for a seaweed development project in Kampot province, more than 10,000 hectares for development of jatropha in Kampong Speu province and an specified amount of land in Koh Kong.
