Logo of Phnom Penh Post newspaper Phnom Penh Post - Businesswoman faces $600,000 fraud charge

Businesswoman faces $600,000 fraud charge

Businesswoman faces $600,000 fraud charge

WELL-KNOWN businesswoman Chhin Sokuntheary was charged in absentia with fraud on Tuesday over allegations she sold the same land in Phnom Penh to two different buyers.

Prosecutor Kong Sam Sareth took aim at the businesswoman, who was noticeably absent from Phnom Penh Municipal Court, for selling four plots of land in Phnom Penh Thmey commune, Russei Keo district, twice – and collecting US$600,000 in the process.  

“Chhin Sokuntheary sold four plots of land to the plaintiff, Ung Meng Cheu, and took the money,” he said. “Later, Chhin Sokuntheary sold the same land to another person.”

Ty Kim Srean, lawyer for Ung Meng Cheu, who filed the complaint in May last year, said the businesswoman had sold the four 600 square-metre plots to Ung Meng Cheu for $200,000 in July 2008, and later sold them to someone else for $400,000.

“Chhin Sokuntheary played a trick to cheat my client. She sold the land and took the money, but then sold the same land to another person,” he said. “The court has to punish her.”

The Post yesterday obtained a copy of the sale agreement between Chhin Sokuntheary and Ung Meng Cheu, which both parties have signed.

Ung Menh Cheu agreed to buy four land plots and paid $200,000 to Chhin Sokuntheary, who promised to transfer the property licence to him, the sale agreement states.

Ty Kim Srean urged the court to severely punish Chhin Sokuntheary and make her pay $100,000 in compensation.

Hak Seak Ly, Chhin Sokuntheary’s lawyer, denied his client had deceived anyone, and said she had not sold the land to Ung Meng Cheu, but had borrowed the money from him.

“I completely deny this accusation. My client did not cheat anyone. My client paid the money back – that’s why she had the right to sell the land to another person,” he said.

A verdict in the case will be delivered tomorrow.


  • Proof giants walked among us humans?

    For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • Japan bank buys major stake in ANZ Royal Bank

    Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group