Logo of Phnom Penh Post newspaper Phnom Penh Post - woman sues acleda branch manager

woman sues acleda branch manager

woman sues acleda branch manager

ACLEDA Bank is ready to defend a Phnom Penh branch manager named in a breach of trust suit, a bank vice president said on Thursday. “We have enough documentation to refute the plaintiff’s allegations whenever there might be summons from the court,” said Prom Visoth, ACLEDA Bank’s senior vice president and head of its legal and corporate affairs division. On Monday, Khy Cheu filed a complaint with Phnom Penh Municipal Court against ACLEDA Bank’s Prampi Makara branch manager, Prom Sang. Khy Cheu said that Prom Sang falsified a land title held as collateral on a loan given to Khy Cheu and two other recipients. When the loan was repaid in June 2007, she said, the title only listed one person, Prak Non. However, Prom Visoth said that Prak Non had always been the sole title holder. “Before awarding the loan, we clarified who owned the land. When the loan was repaid, we gave it back,” the executive said.

MOST VIEWED

  • ‘Dire consequences’ from sanctions, warns AmCham

    American businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said

  • Protests planned in New York as Hun Sen to attend the UN

    Prime Minister Hun Sen will speak at the United Nations General Assembly in New York this week. But US-based supporters of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP) plan to throw eggs at his car as part of a series of protests to coincide

  • CPP: ‘Behave or Sokha suffers’

    The ruling Cambodian People’s Party (CPP) spokesman warned Kem Monovithya on Thursday that her attempt to damage “national reputation and prestige” would lead to her father, Kem Sokha, receiving even harsher punishment. Sok Eysan issued the warning as Monovithya, who is the court dissolved

  • Preah Sihanouk beach developments halted

    After receiving an order from Hun Sen, Minister of Land Management Chea Sophara led a team of experts and relevant officials to Sihanoukville to call a halt to the illegal development of a beach. The prime minister ordered the Prek Treng beach in Otres commune