Ponzi scheme suspects’ cases sent to court: ACU

10 December 2013
The Phnom Penh Post
Anti-corruption / Crime and law enforcement / Government / Judiciary and courts / Land / Law and judiciary
ACU / Anti-Corruption Unit / Ke Kim Yan / Land of Cabon Credited Farming Plc / Om Yentieng / RCAF / Royal Cambodian Armed Forces / Sustainable Agro Energy PLC / UK Serious Fraud Office

Three alleged members of a money-laundering operation worth more than $11 million who were arrested earlier this year in Phnom Penh have had their cases sent to court and are now awaiting trial, Om Yentieng, head of the Anti-Corruption Unit, said yesterday. The three suspects – two Cambodian-Americans and a British citizen – were arrested in January and March by anti-corruption police in the capital. Greg Thomas Fryett, 46, from the UK, was arrested in March after ACU officers linked him to a $36 million Ponzi scheme involving a deal to buy land from the former Royal Cambodian Armed Forces Commander-in-Chief Ke Kim Yan. ... The firm is alleged to have transacted deals with British clients worth more than $11 million and including about 800,000 hectares of land. ...

 Vong Sokheng
http://www.phnompenhpost.com/national/ponzi-scheme-suspects%E2%80%99-cases-sent-court-acu