Three Chinese Import $3,520,000 USD of Suspicious Cash to Cambodia

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clutchcargo
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Re: Three Chinese Import $3,520,000 USD of Suspicious Cash to Cambodia

Post by clutchcargo » Mon Apr 29, 2019 8:17 pm

So the million dollar question (actually 3) is: will the money be confiscated or held in trust pending the court deliberations? :santa:
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Re: Three Chinese Import $3,520,000 USD of Suspicious Cash to Cambodia

Post by CEOCambodiaNews » Wed May 01, 2019 8:46 am

clutchcargo wrote:
Mon Apr 29, 2019 8:17 pm
So the million dollar question (actually 3) is: will the money be confiscated or held in trust pending the court deliberations? :santa:
$3.5M Confiscated from Chinese Goes to Cambodian National Bank
01/05/19 08:32
Phnom Penh (FN), April 30 – Interior Ministry spokesperson Khieu Sopheak said Tuesday that the USD 3.5 million confiscated from three Chinese at Phnom Penh International Airport now belongs to the state-property thus preserved at the National Bank of Cambodia.

Phnom Penh municipal court investigating judge Ros Samedy, on Sunday, ordered to detain Wang Shiping, Wang Lichao, and Zhang Jian, accused of “money laundering”, a violation of law on anti-money laundering and combating the financing of terrorism.

Ministry of Interior’s immigration police, on 23 April 2019, arrested the trio for bringing USD 3.5 million into the kingdom from Hong Kong without proper financial source, according to the ministry’s press release dated Friday.
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