News

Creditors Claim $160 Million in Mfone Debts

Thousands of creditors have come forward alleging they are owed a combined $160 million by bankrupt mobile phone operator Mfone, the administrator appointed to the case said yesterday. “Mfone owes money to hundreds of companies and thousands of individuals totaling $160 million,” he said. Nim Solida, ...

http://www.cambodiadaily.com/business/creditors-claim-160-million-in-mfone-debts-16379/

Court Releases Anti-Eviction Activist, but Charge Stands

The Phnom Penh Municipal Court yesterday convicted 64-year-old Borei Keila resident Tim Sakmony for making a false declaration, but released the anti-eviction activist owing to time already served in prison. Ms. Sakmony’s day in court came, without explanation, at precisely the same time as the trial ...

http://www.cambodiadaily.com

Couple’s arrest ‘no mistake’

No mistake was made when former Anco Brothers executive Heng Chheang and his wife, Tep Kolap, were arrested last year, the Supreme Court ruled yesterday. Pin Vannak, a defence lawyer for the couple, had argued they had been arrested illegally because the Phnom Penh municipal court ...

http://www.phnompenhpost.com/index.php/2012041255585/National-news/couples-arrest-no-mistake.html

Sentences in Embezzlement Case Reduced

The Court of Appeal yesterday reduced the sentence of the former deputy director general of Anco Groups and his wife to three years imprisonment each. In December, the Phnom Penh Municipal Court sentenced the couple to four-and-a-half years each for embezzling nearly $60 million dollars from ...

Officials to Enforce Court Order to Halt Bassac Garden Work

Further development of Bassac Garden City is to be halted after a court order was issued. This means that no more “construction, selling, renting, pawning, giving as donation, bequeathment or transference of ownership of the 3,000 square meters of land,” can happen. There is currently ...

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