Tycoon free after striking deal
A tycoon arrested on Tuesday by military police on fraud charges yesterday walked free after striking a deal with the man he defrauded, court officials said. Meas Chanpiseth, deputy prosecutor of the Phnom Penh Municipal Court, said that 52-year-old tycoon Peang Kosal, executive director of the Banya Group Company, was released yesterday after negotiations with the plaintiff. ... Kouy Thunna, defence lawyer for Peang Kosal, said his client was accused by Ly Keat, General Director of the GM Co, Ltd, of cheating US$23,000 from him in connection with the construction of roads into the New Angkor City in Siem Reap province in 2009. ...
