Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Partner stole $500k, police say

Partner stole $500k, police say

A man who allegedly cheated his business partner out of a half-million dollars was arrested and charged with “breach of trust” yesterday following an investigation by Phnom Penh’s serious crime police in conjunction with Banteay Meanchey provincial police.

Uy Sopheap, 69, was arrested in Banteay Meanchey’s Sisophon district on a warrant originating from a complaint filed in Phnom Penh Municipal Court by Peter Adrian Scherholter, who co-founded Elephant Cement Company with Sopheap.

Two years ago Sopheap, a friend of German-Australian national Scherholter, convinced him to move to Cambodia to start the cement company, said Hun Somphorn, Banteay Meanchey’s director of the provincial serious crime unit.

According to the lawsuit Scherholter filed, Sopheap stole Scherholter’s $500,000 investment in the company, then tried to hide evidence that he was ever involved in the company from Elephant Cement’s computers, Somphorn said.

0

Comments

Please, login or register to post a comment

Latest Video

Explore the durian and rubber farms of Kampong Cham

Take a drive north of Kampong Cham, past the dirt roads and the dense greenery.

Kem Sokha talks politics, power and Hun Sen

Kem Sokha, leader of the Cambodia National Rescue Party, sat down with The Post’s Alex Willemyns and Mech Dara to discuss his supporters’ initial disappointment with this year’s

NEC officials tally votes during a recount last week in Phnom Penh.

Cambodia’s National Election Committee last week rejected 33 of 61 complaints filed over the conduct of June 4’s commune election, according to a s

People search for their names on the voter lists at a polling station in Kampong Cham’s Veal Vong commune earlier this month.

Four years ago, when the opposition snatched Kampong Cham away from the ruling party in 2013 national elections, it hinted at a deeper shift taking