Logo of Phnom Penh Post newspaper Phnom Penh Post - Doctor tried over fraud allegations

Doctor tried over fraud allegations

Doctor tried over fraud allegations

A medical doctor accused of fraud by the Phnom Penh Municipal Court admitted at trial yesterday to swindling $10,000 and a car from his business partners as they were setting up a pharmacy earlier this year.

According to presiding judge Kim Rathnarin, defendant Ly Kolbotr, 35, president of MediPharma Import & Export Co, Ltd, in Sen Sok district, was charged with breach of trust under articles 391 and 392 of the Penal Code.

“He was the company’s president, but he has broken the trust of his company’s shareholders and has stolen their money for his own use,” said judge Rathnarin.

According to one of the plaintiffs, Pich Ratha, 39, the six business partners agreed in January to set up the pharmaceutical joint venture and voted in Kolbotr as the company president.

“After establishing the company, he did not work [on] anything. He cheated us” by taking the $10,000 in starting capital for personal use, Ratha said. He also alleged that Kolbotr borrowed his Honda CR-V, then pawned it at a Phnom Penh garage.

Kolbotr yesterday promised to repay the plaintiffs, and asked that he be set free so he could earn the money back.

MOST VIEWED

  • Serious flooding across country

    The Kampong Speu provincial Committee for Disaster Management on Wednesday issued an alert after non-stop heavy rain caused widespread flooding. In Koh Kong province, authorities are working with the disaster committee and the Cambodian Red Cross to assist those affected after more than 350 homes were

  • CNRP points to King in call for vote boycott

    Leaders of the former Cambodia National Rescue Party (CNRP) have taken a new tack in their call for a boycott of the national elections later this month. They are now claiming that the people should follow the King, who is expected to abide by tradition

  • Malaysian MP calls on his government to take stand on Cambodian elections

    A Malaysian parliamentarian raised concerns in his country on Wednesday about Cambodia’s July 29 national elections and urged his government to clarify its position on the subject, the Asean Parliamentarians for Human Rights (APHR) said on Thursday. Wong Chen, a member of the People’s

  • Troop moves ‘won’t worry people’

    Senior officials at the Ministry of Defence and National Police said on Tuesday that riot training provided to the country’s police forces were aimed at preventing unexpected demonstrations and strikes before and after the July 29 national elections. The troop mobilisation, they said, would not