The Appeal Court will announce a verdict on former Anco Brothers Company treasurer Heng Chheang and his wife, Tep Kolap, over the embezzlement of $58 million on March 12, after a two-day trial that ended on Friday.
Money withdrawn from the bank account of tycoon Kok An’s company had been replaced, testified An Hing, Heng Chheang and Tep Kolap’s lawyer.
He also pointed out that the independent auditor hired by the court had only taken into account money withdrawn from the company account, but not the amount deposited back.
Judge Plang Samnang concluded the court hearing after four hours.
An Hing said he was hopeful of a favourable verdict.
“We did not have any problems over the hearing on Friday. We have enough evidence showing that the company did not lose up to $58 million dollars and my client did not embezzle the company money,” he said.
Heang Cheang and Tep Kolap were jailed in December for four and a half years for breach of trust.