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woman sues acleda branch manager

ACLEDA Bank is ready to defend a Phnom Penh branch manager named in a breach of trust suit, a bank vice president said on Thursday. “We have enough documentation to refute the plaintiff’s allegations whenever there might be summons from the court,” said Prom Visoth, ACLEDA Bank’s senior vice president and head of its legal and corporate affairs division. On Monday, Khy Cheu filed a complaint with Phnom Penh Municipal Court against ACLEDA Bank’s Prampi Makara branch manager, Prom Sang. Khy Cheu said that Prom Sang falsified a land title held as collateral on a loan given to Khy Cheu and two other recipients. When the loan was repaid in June 2007, she said, the title only listed one person, Prak Non. However, Prom Visoth said that Prak Non had always been the sole title holder. “Before awarding the loan, we clarified who owned the land. When the loan was repaid, we gave it back,” the executive said.

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