Logo of Phnom Penh Post newspaper Phnom Penh Post - Couple on trial: Appeal court decision on the horizon

Couple on trial: Appeal court decision on the horizon

Couple on trial: Appeal court decision on the horizon

The Appeal Court will announce a verdict on former Anco Brothers Company treasurer Heng Chheang and his wife, Tep Kolap, over the embezzlement of $58 million on March 12, after a two-day trial that ended on Friday.

Money withdrawn from the bank account of tycoon Kok An’s company had been replaced, testified An Hing, Heng Chheang and Tep Kolap’s lawyer.

He also pointed out that the independent auditor hired by the court had only taken into account money withdrawn from the company account, but not the amount deposited back.

Judge Plang Samnang concluded the court hearing after four hours.

An Hing said he was hopeful of a favourable verdict.

“We did not have any problems over the hearing on Friday. We have enough evidence showing that the company did not lose up to $58 million dollars and my client did not embezzle the company money,” he said.

Heang Cheang and Tep Kolap were jailed in December for four and a half years for breach of trust.

MOST VIEWED

  • Koreans arrested carrying $2.2M at Siem Reap airport

    Two South Koreans were nabbed by immigration police at Siem Reap International Airport on Sunday when attempting to bring more than $2 million in cash into Cambodia from Hong Kong. The National Police website on Monday said two Korean men aged 44 and 33 were arrested shortly after

  • Shanxi wins bid to build sections of new Siem Reap airport

    Shanxi Mechanization Construction Group recently won the bid to build two sections of the new Siem Reap Angkor International Airport project in Cambodia for 290 million yuan ($42.16 million). The existing Angkor International Airport in Siem Reap, 5km from the famous ancient temple complex and world tourism

  • Cambodia rejects call by UN for open invite

    Cambodia has rejected a UN Human Rights Council (UNHRC) recommendation submitted by five countries at the Universal Periodic Review (UPR) calling on the Kingdom to issue a standing invitation to UN special procedures to visit at any time. The rejection was part of the 25 recommendations

  • Cambodia’s medical system is due for a check-up

    In Cambodia, many high-ranking government officials and public figures seek medical treatment abroad – including Prime Minister Hun Sen. With this in mind, it is not surprising that many locals also seem to often distrust local healthcare facilities. Cambodia has one of the fastest growing economies