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Niem Chheng, The Phnom Penh Post
Wed, 28 September 2016
The trial of Cambodian-American businessman San Richer and three others accused of defrauding a local businesswoman out of a $1 million investment in 2012 resumed yesterday at the Phnom Penh Municipal Court.
The complainant, Eng Ly-kong, had alleged she invested $1 million in a rice venture called AKRA in return for a position on its board of directors, but was never appointed and never saw her money again.
Apart from Richer, Siv Sichan, a former US ambassador to the UN Economic and Social Council, as well as American businessmen Thomas Willems and William Nojay were named as co-conspirators. Earlier this month, Nojay, who was a New York state assemblyman, died of a self-inflicted gunshot wound.
At yesterday’s hearing, Lykong produced news clips of Nojay’s death, claiming that his apparent suicide was related to her case. “He had other cases of $2 billion, including the $1 million in Cambodia. The Federal Bureau of Investigation is working on these cases,” she said.
Following his death, American news outlets reported that Nojay was under FBI scrutiny for a $1.3 billion school modernisation program in New York.
Lykong added that the quartet functioned as an “organised group”, and had planned to defraud her from the onset.
However, a defence lawyer for Richer, Kheng Ly, refuted Lykong’s allegations, claiming AKRA was still operational as of November 2015 and Lykong was indeed a board member.
But court prosecutor Che Song maintained there was enough evidence to convict the four men of fraud, with judge Svay Tonh saying the hearing would resume October 20.
Clik here to view.
Niem Chheng, The Phnom Penh Post
Wed, 28 September 2016
The trial of Cambodian-American businessman San Richer and three others accused of defrauding a local businesswoman out of a $1 million investment in 2012 resumed yesterday at the Phnom Penh Municipal Court.
The complainant, Eng Ly-kong, had alleged she invested $1 million in a rice venture called AKRA in return for a position on its board of directors, but was never appointed and never saw her money again.
Apart from Richer, Siv Sichan, a former US ambassador to the UN Economic and Social Council, as well as American businessmen Thomas Willems and William Nojay were named as co-conspirators. Earlier this month, Nojay, who was a New York state assemblyman, died of a self-inflicted gunshot wound.
At yesterday’s hearing, Lykong produced news clips of Nojay’s death, claiming that his apparent suicide was related to her case. “He had other cases of $2 billion, including the $1 million in Cambodia. The Federal Bureau of Investigation is working on these cases,” she said.
Following his death, American news outlets reported that Nojay was under FBI scrutiny for a $1.3 billion school modernisation program in New York.
Lykong added that the quartet functioned as an “organised group”, and had planned to defraud her from the onset.
However, a defence lawyer for Richer, Kheng Ly, refuted Lykong’s allegations, claiming AKRA was still operational as of November 2015 and Lykong was indeed a board member.
But court prosecutor Che Song maintained there was enough evidence to convict the four men of fraud, with judge Svay Tonh saying the hearing would resume October 20.
