Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Alleged scammer to make phone screens

Alleged scammer to make phone screens

Alleged scammer to make phone screens

A Japanese man accused of stealing millions of dollars from elderly people through a shady investment scheme announced on Friday that he had penned a deal worth $4 million to build a factory to make mobile phone screens.

Ikou Konno, CEO of AAP International Cambodia Co, said his company had entered into a joint venture with Taitech Solutions, a Japanese producer of phone screens, to build a factory in Banteay Meanchey province.

The announcement came after a group of lawyers representing 45 Japanese investors held a press conference in Phnom Penh last Wednesday to accuse Konno of investment fraud. The lawyers alleged Konno was the ringleader of a $20 million condominium scam that targeted elderly Japanese citizens.

Konno, pleading his innocence at Friday’s news conference, said he, too, was a victim of the scam and that he planned on launching a defamation suit against the Japanese lawyers.

“They all gave up trying to reclaim their money, except me; I keep pressuring him to pay me back, and now he is trying to frame me,” he said.

Atsushi Osawa, president and CEO of Taitech Solutions, said the fraud allegations would not affect the two companies’ agreement. “We have already signed an MoU with each other on the investment, and the rumour has nothing to do with our investment this time,” Osawa said.

Construction of the factory is slated to begin in November, with manufacturing hoped to start in November 2015.

But Kor Samsarouet, governor of Banteay Meanchey province, said the local government had yet to see any official documents relating to a phone-screen factory.

“I have had unofficial meetings with Konno when he presented me the idea [and] I heard he was looking for two hectares of land. But so far, there is no official letter to me regarding the building of the factory,” he said.

Sarouet declined to comment on whether the local government would approve Konno’s plans.

The Japanese Embassy declined to comment on the factory or the fraud claims.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all