Logo of Phnom Penh Post newspaper Phnom Penh Post - MFI branch boss arrested in fraud case

MFI branch boss arrested in fraud case

Loch Cham Roeun, a former executive with Prasac, sits handcuffed after he was arrested in Siem Reap last week for fraud. Photo supplied
Loch Cham Roeun, a former executive with Prasac, sits handcuffed after he was arrested in Siem Reap last week for fraud. Photo supplied

MFI branch boss arrested in fraud case

The former chief executive of a local branch of microfinance institution Prasac in Kandal province has been arrested for allegedly defrauding victims out of roughly $160,000, according to a local official.

Kandal Provincial Court spokesman Ek Sun Reaksmey said that Loch Cham Roeun, 33, the former boss at the firm’s Ang Snuol district office, was detained on Thursday by police in Siem Reap province after returning from Thailand, where he allegedly fled in February.

Reaksmey said Cham Roeun was the subject of multiple complaints. He said the man was accused of swindling more than $160,000 but was unable to give more details about the complaint.

“He has been put in pre-trial detention and not yet tried,” Reaksmey said, adding that 10 people were expected to file further complaints against the accused today.

“He had failed to appear at the court after the second summons of investigating judge Y Sovann, so he was arrested.”

When contacted yesterday, a Prasac representative said the company could not comment because it was Sunday.


  • Sneaky simians mob man, snatch Covid-19 samples

    Monkeys mobbed an Indian health worker and made off with coronavirus test blood samples, spreading fears that the stealing simians could spread the pandemic in the local area. Indian authorities often have to grapple with primates snatching food and even mobile phones. After making off

  • Public warned of dengue risks amid rainy season

    Minister of Health Mam Bun Heng has issued an eight-point plan to destroy mosquitoes carrying dengue fever amid the rainy season. In a four-page directive, Bun Heng warned that while the number of dengue cases has dropped sharply compared to last year, it could increase

  • Thirteen charged in UK migrant lorry tragedy

    Thirdteen suspects arrested by French police over the deaths of 39 Vietnamese migrants in a refrigerated lorry in Britain have been charged with people trafficking, a judicial source said on Saturday. Six of the group – mainly Vietnamese and French nationals – were held on Tuesday in the

  • Cambodian Blue Helmet dies of virus

    The last rites for Cambodian Blue Helmet peacekeeper Sar Savy, who died on Friday at 63 from Covid-19 while on a mission in the Republic of Mali, will be held on Wednesday and Thursday at the UN base there. Cambodia’s National Centre for Peacekeeping Forces

  • World Bank donates $15 million in aid

    The World Bank on Friday approved $15 million for a medical training system to help Cambodia equip doctors with more skills before they start work. The budget, which was granted by the International Development Association (IDA), is intended to improve health care services. The World Bank

  • Ministry signs MoU to develop ICT training

    The Ministry of Education, Youth and Sport on Friday signed a Memorandum of Understanding (MoU) with IT Academy STEP Cambodia (STEP) to further develop the Sisters of Code project. The project trains female students in computer programming, and enhances information and communication technology (ICT) textbooks