Staff Protest Corruption at Telecom Cambodia

17 February 2013
The Cambodia Daily
Economy and commerce / Securities exchange (stock market) / Stock market
ACU / Anti-Corruption Unit / bourse / Cambodian Securities Ex¬change / Com¬pany’s headquarters / corruption allegations / director-general / Finance Ministry / Han Kyung-tae / Lao Saroeun / managing di¬rector / Minister of posts and telecommunications / Prime Minister Hun Sen / So Khun / state-owned / Stock Exchange / Tele¬com Cambodia / the broker / the Phnom Penh Wa¬ter Supply Autho¬rity / Tim Channarith / Tong Yang Securities Plc. / transparency and ac¬counting standards

The director-general of Telecom Cambodia, one of the country’s most highly regarded state-owned enterprises and a candidate for listing on the stock exchange, has left his post amid an investigation into corruption allegations, the minister of posts and telecommunications said on Thursday. ... Despite the staff’s claims that Mr. Saroeun had been suspended over the allegations, Minister So Khun insisted he was only on sick leave. ... Mr. Khun said he himself doubted the corruption allegations because the graft would have had to take place under the watch of the Finance Ministry, which oversees Telecom Cambodia’s finances. ... Han Kyung-tae, managing director of Tong Yang Securities Plc., the broker handling Telecom Cambodia’s bid to list, said the listing was delayed, but not for reasons relating to Thursday’s events. ...

http://www.cambodiadaily.com/news/staff-protest-corruption-at-telecom-cambodia-10535/