Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Govt targets Phan Imex boss for asset freeze

Govt targets Phan Imex boss for asset freeze

The Ministry of Finance has asked the National Bank of Cambodia to freeze the assets of four prominent businesspeople due to outstanding payments on land bought from the government.

Among the alleged debtors is Suy Sophan, the president of development company Phan Imex, which was behind the notorious Borei Keila land eviction in 2012.

She could not be reached for comment.

In a letter dated July 22, the Minister of Economy and Finance Aun Porn Moniroth wrote to the bank explaining that the individuals had been asked multiple times to pay the debts.

He said Sophan owed money in relation to a land swap deal involving the Ministry of Public Works and Transport and for land in Toul Kork bought from the Ministry of Information.

Others named in the statement are: Golden Century Import Export Co Ltd. president Phou Sivkhen, who allegedly owes money to the Ministry of Interior; Mono Ratanak Construction president Ngin Mono; and Sovann Vathanak president Norng Savuth who the statement lists as having bought land from the Ministry of Culture and Fine Arts.

They, and Finance Ministry officials, could not be immediately reached for comment ahead of publication.

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