Logo of Phnom Penh Post newspaper Phnom Penh Post - Victims left empty-handed after purchasing land plots

Victims left empty-handed after purchasing land plots

Content image - Phnom Penh Post
Chhy Chakrya, also known as Hang Prinya, is facing accusations of fraud for not issuing land titles. Police

Victims left empty-handed after purchasing land plots

Over 100 victims are demanding that a company called Than Preah In compensate them after they invested money to buy plots but never received the land titles or refunds.

A Facebook post by a user named Neak Rongkruos Doy Sar Company Than Preah In said the company’s director, Chhy Chakrya, also known as Hang Prinya, had cheated them out of money and closed the company’s offices before escaping.

The owner of the page, who chose to remain anonymous, told The Post on Monday that he had been cheated out of more than $40,000 by the company after he bought 3ha from it in Siem Reap province last year.

At first, he said the company would issue land titles within six months, but a year passed, and then the company closed all of its branches.

“There are hundreds of victims and some of them are still being cheated by this company. After the post, we gathered nearly 100 victims,” he said.

The owner of the page said after the victims are gathered, they would follow legal procedures and file a complaint with the courts next week.

Another victim, Ngor Lyheang, filed a complaint with the Siem Reap provincial court on March 20 and told The Post on Monday that people had spent their hard-earned money on the land, borrowed from banks, and invested in the company in the hopes of seeing some returns.

When the company ran into problems, he said they couldn’t repay the banks and this disrupted their livelihoods.

Lyheang said: “I filed the complaint alone, and I want to have my money back. I spent $18,500 on buying plots and plantation land.

“I want it to be known that this company is a cheat. I am also participating in filing a joint complaint with other victims.”

Chakrya posted a nine-minute clip on his Facebook page on Monday, saying he had not evaded the responsibility of paying his clients.

He said his company closed its doors after running into financial problems, but it hadn’t gone bankrupt and was still operating. Moreover, he said he had met his clients to resolve the problem.

“At present, despite the problem, I don’t have any desire to abandon clients whom I used to believe in. Ten months ago, I took the opinion that the company should be sold to others and declare bankruptcy, and then I would get away from it.

“I am willing to accept the case because we owe them, and we will pay them back. It is not wrong for them to sue us. The clients bought land from us and they have not yet obtained the titles. If they sue us, it is not wrong. But if we run away, we are wrong,” he said.

He said his company could continue operating as long as clients continue believing in it, because the company still has land in many places, and it could be given to clients as compensation.


  • ‘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

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro

  • ACLEDA, WU to enable global money transfers

    Cambodia's largest commercial bank by total assets ACLEDA Bank Plc and global money transfer firm Western Union (WU) have partnered to offer customers cross-border money transfers to 200 countries via “ACLEDA mobile” app. In Channy, president and group managing director of ACLEDA, said the June 22 agreement

  • Aeon, Micromax partner again for third mall

    AEON Mall (Cambodia) Co Ltd and a locally-owned Micromax Co Ltd have entered into a partnership agreement to develop fibre optic infrastructure for $200 million Aeon Mall 3, which is expected to be opened in 2023. The agreement was signed on June 20 between Masayuki Tsuboya, managing director of

  • Walmart plans to diversify stock of Cambodia goods

    Walmart Inc, the world’s biggest retailer, on June 22 reiterated recent plans to scale up and greatly diversify its purchases of Cambodian products, according to the labour ministry. This came during a virtual working meeting between Minister of Labour and Vocational Training Ith Samheng and