Logo of Phnom Penh Post newspaper Phnom Penh Post - Five guilty in ‘$2.7M’ inside job at Canadia

Five guilty in ‘$2.7M’ inside job at Canadia

Five guilty in ‘$2.7M’ inside job at Canadia

Five people were convicted yesterday and sentenced to prison terms of varying lengths for their roles in an embezzlement scheme at Canadia Bank last year that resulted in losses of as much as $2.7 million.

As the scheme’s mastermind, 30-year-old Yet Sopheaktra, formerly in charge of creating ATM cards at the bank, was sentenced to five years.

Sopheaktra’s mother, Chak Kimheng, received two years, a sentence changed to time served due to severe health problems. Sun Saonin, the 33-year-old boyfriend of Sopheaktra, also received two years, as did the other two suspects, 34-year-old Leng Sokry, who worked in the ATM division, and Tep Winchanthy, 28, who was sentenced in absentia.

All received fines and were ordered to pay back the full amount stolen.

“It is ordered that the five accused jointly pay a total of $2.7 million for damages and pay $200,000 in compensation to Canadia Bank as plaintiff,” said Kor Vandy, presiding judge at Phnom Penh Municipal Court.

Sopheaktra declined to comment yesterday, but during her trial said she created fake ATM cards in the names of the other suspects and used them to withdraw more than $2.3 million – not the $2.7 million alleged – from March to October of last year. She later poured the funds into investments and gambling, she said at the time of the trial, in March.

Using multiple cards at a time, she said, “I withdrew between $10,000 to $20,000 from the ATM, and as I remember it, from March to October 2013, I have withdrawn more than $2.3 million from Canadia Bank.”

The Ministry of Interior’s serious penal police forces arrested four of the five suspects on October 3. At the trial, all but Sopheaktra denied being part of the scheme, though her boyfriend said that he was aware of one set of withdrawals totalling $10,000.

Canadia Bank attorney Te Chamnan told reporters outside the courtroom yesterday that the verdicts were “fair and could be accepted”.

MOST VIEWED

  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Artificial insemination takes herd from 7 to 700

    Some farms breed local cows or even import bulls from a broad for the purpose of breeding heavier livestock for meat production. One Tbong Khnum farmer has found a more efficient way. Hout Leang employs artificial insemination to fertilise local cows. Thanks to imported “straws”

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and

  • Thai boxers to join SEA Games’ Kun Khmer event

    The Cambodian SEA Games Organising Committee (CAMSOC) – together with the Kun Khmer International Federation (KKIF) and Khmer Boxing Federation – have achieved a “great success” by including Kun Khmer in the upcoming biennial multi-sports event on its home soil for the first time, said a senior

  • Bullets to bracelets: Siem Reap man makes waste from war wearable

    Jewellery is often made from valuable gemstones like emeralds or diamonds and precious metals like gold or silver, or valueless things like animal horns. But a man in Siem Reap has approached the manufacture of delicate pieces from a different angle. His unique form of