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Logo of Phnom Penh Post newspaper Phnom Penh Post - MFI exec charged with embezzlement

MFI exec charged with embezzlement

A micro-finance executive was charged with faking public documents then using them to embezzle nearly $300,000 from his company by the Phnom Penh Municipal Court yesterday.

Buth Chanvireak, head of the finance department at Alex Tofin MFI, has embezzled money throughout the past year until he was discovered, according to the company's complaint.

Deputy prosecutor Hor Lina said Chanvireak has been sent to the investigating judge and faces justice under articles 377, 378 and 391, which cover fraud.

"We have charged him with fraud and faking public documents," he said.

Ly Limpeng, the investigative judge, confirmed the charge but declined any additional comment. It is unclear if the suspect has retained a lawyer yet. Contact information for the company could not be readily obtained.



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