Logo of Phnom Penh Post newspaper Phnom Penh Post - German living in Cambodia charged with fraud

German living in Cambodia charged with fraud

Content image - Phnom Penh Post

German living in Cambodia charged with fraud

A German court has charged a man with fraud for allegedly siphoning more than $2 million from private bank accounts while living in Cambodia.

In a joint statement on Wednesday, a prosecutor in Stuttgart and the Baden-Württemberg State Office of Criminal Investigation said the suspect, a German national, was arrested last April while returning from Cambodia to Munich. According to the statement, he had been conducting the fraud since February 2016. Due to German privacy laws, the document does not identify the alleged perpetrator. It also does not clarify when charges were filed.

He was accused of calling banks in Southern Germany pretending to be an account holder, and managed to gain access to others' accounts. In all, authorities said he made more than 500 fraudulent transactions.

To "hide the origin of the money", he is then said to have transferred cash to other agents and to have bought expensive products that he then sold off.

In connection to the case, police searched the apartments of eight people suspected of being involved in six states in Germany. They are believed to belong to an international ring of money launderers, according to the statement.

Ulrich Heffner, a spokesman for the criminal investigation office, said none of the eight had been arrested and further investigation was needed to determine whether they were victims or complicit in the fraud.

“Did they intentionally trade with these products or were they subject to a scam? Sometimes you get emails promising to earn $2,000 quickly, so we need to see whether this was the case here,” he said.

Heffner said there was no cooperation between German and Cambodian authorities and that a German liaison officer based in the region had worked on the case. He declined to identify the banks that had been subject to fraud.

MOST VIEWED

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Pursat Ford assembly plant opens

    The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • Angkor photo rules clarified

    The Apsara National Authority (ANA) denied that it had banned the use of camera tripods in the Angkor Archaeological Park, explaining that the confusion stemmed from a long-standing rule which required commercial photographers and videographers to apply for permission to film. The explanation followed a

  • $50B infrastructure plan en route

    The government’s upcoming $50 billion,10-year infrastructure master plan will provide tremendous investment opportunities for domestic and foreign entities, transport experts and economists say. Minister of Public Works and Transport Sun Chanthol revealed the plan to Japanese ambassador to Cambodia Masahiro Mikami on June 15. At

  • Nestle’s debut may spur dairy market

    Leading confectionery manufacturer Nestle plans to invest in Cambodia by setting up an operation in the near future, a move majorly hailed by local dairy farmers as a means of boosting the fresh milk market in the Kingdom. During a visit by a delegation led