Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom officials in on Busan probe: report

Kingdom officials in on Busan probe: report

South Korea’s Yonhap news agency reported yesterday that Cambodian officials have agreed to assist in the investigation of a scandal-ridden South Korean savings bank with investments in the Kingdom. Officials in Phnom Penh, however, were unable to verify the report. A South Korean investigation has revealed that bank executives and shareholders used deposits to fund a variety of projects, reportedly including the US$2 billion Camko City real estate development in Phnom Penh. Sam Pracheameanith, director of the cabinet at the Ministry of Justice, said he had no information on any agreement, as did Kang Young-shin, an economic counsellor at the South Korean embassy.

0

Comments

Please, login or register to post a comment

Latest Video

Bodies of Cambodian peacekeepers returned to Kingdom

The bodies of four Cambodian peacekeepers killed by a Christian militia in Central African Republic were repatriated to the Kingdom and honoured in an airport ceremony on May 21.

Phnom Penh eats: Ptas Nak Battambang

As the name suggests, Ptsa Nak Battambang – which in English means Battambang's house – is the right place for those who want to try some of the province's typical dishes in Phnom Penh.

Talk of war took centre stage at what was meant to be a chance for parties to discuss their policies ahead of Sunday’s commune elections, with a sp

Opposition leader Kem Sokha speaks at a CNRP campaign rally today in Kratie province. Facebook

Opposition president Kem Sokha assured voters that all military members would maintain their rank should the CNRP take power in the 2018 national e