Acleda bank employees admit $1M loan fraud.
- CEOCambodiaNews
- Expatriate
- Posts: 62459
- Joined: Sun Oct 12, 2014 5:13 am
- Reputation: 4034
- Location: CEO Newsroom in Phnom Penh, Cambodia
- Contact:
Acleda bank employees admit $1M loan fraud.
Bank Employees Confess to $1M Fraud Scheme
by Ben Sokhean | January 27, 2017
Six employees of Acleda Bank’s Battambang city branch confessed on Thursday to their roles in defrauding the bank of over $1 million, an Interior Ministry official said.
Pol Ratana, deputy director of the ministry’s penal department and the lead investigator on the case, said the suspects had confessed under questioning on Thursday, but declined to elaborate.
The men were accused of taking out a series of 12 loans worth between $18,000 and $100,000, and then forging paperwork showing repayments that never occurred.
The fraud eventually caught the attention of the bank’s headquarters, which conducted an audit before reporting the case to the Phnom Penh Municipal Court.
Authorities said they were also investigating the recipients of the over $1 million in unpaid loans...
https://www.cambodiadaily.com/news/bank ... me-124135/
by Ben Sokhean | January 27, 2017
Six employees of Acleda Bank’s Battambang city branch confessed on Thursday to their roles in defrauding the bank of over $1 million, an Interior Ministry official said.
Pol Ratana, deputy director of the ministry’s penal department and the lead investigator on the case, said the suspects had confessed under questioning on Thursday, but declined to elaborate.
The men were accused of taking out a series of 12 loans worth between $18,000 and $100,000, and then forging paperwork showing repayments that never occurred.
The fraud eventually caught the attention of the bank’s headquarters, which conducted an audit before reporting the case to the Phnom Penh Municipal Court.
Authorities said they were also investigating the recipients of the over $1 million in unpaid loans...
https://www.cambodiadaily.com/news/bank ... me-124135/
Join the Cambodia Expats Online Telegram Channel: https://t.me/CambodiaExpatsOnline
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
Facebook
Twitter
YouTube
Instagram
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
YouTube
-
- Similar Topics
- Replies
- Views
- Last post
-
- 0 Replies
- 1817 Views
-
Last post by CEOCambodiaNews
-
- 2 Replies
- 2159 Views
-
Last post by CEOCambodiaNews
-
- 23 Replies
- 3921 Views
-
Last post by Josh_76
-
- 5 Replies
- 2180 Views
-
Last post by khmerhamster
-
- 0 Replies
- 1808 Views
-
Last post by CEOCambodiaNews
-
- 20 Replies
- 1211 Views
-
Last post by YaTingPom
Who is online
Users browsing this forum: armchairlawyer, InkkieTime, IraHayes, Semrush [Bot] and 615 guests