Businesswoman Arrested for Bouncing $776,000 Cheque
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Businesswoman Arrested for Bouncing $776,000 Cheque
Cambodia News,Phnom Penh: On May 4, 2022, the Phnom Penh Municipal Police Office of Serious Crimes conducted a search and arrested a female suspect in front of Rise Commercial Building 5, Street 282, Sangkat Boeung Keng Kang I, Khan Boeung Keng Kang, Phnom Penh.
This was on the order of an arrest warrant issued by Mr. Chreung Khmao, Prosecutor of the Phnom Penh Municipal Court, involved in the case of a cheque written by the suspect for US$ 776,000 without the appropriate funds, according to the complaint from Lim Hour Nito, male, 34 years old, businessman.
The suspect's name is Pich Srey Mom, female, 35 years old, ethnic Khmer, occupation: businesswoman, living at Platinum Street, Sangkat Niroth, Khan Chbar Ampov, Phnom Penh. She has been sent to the Phnom Penh Municipal Court for legal proceedings.
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Re: Businesswoman Arrested for Bouncing $776,000 Cheque
As they say: Never lend money to your friends.
9 May 2022
Col Sorphea said Hour Nito, who is also a real estate businessman, sued Pichr Sreymom when her cheques issued to him bounced, and offence under Article 231 of the Law on Negotiable Instrument and Payment Transactions.
If convicted, she could face a jail term of between 1 and 2 years.
According to a police report obtained by Khmer Times, Sreymom and Hour Nito were close friends and business partners.
In 2020, Sreymom borrowed about $1 million from Hour Nito to improve her business and in April, Sreymom issued cheques totaling $776,000 to Hour Nito in repayment of the loan.
The cheques bounced and when Sreymon failed to repay the money, Hour Nito took the matter to court.
https://www.khmertimeskh.com/501070026/ ... d-cheques/
9 May 2022
Col Sorphea said Hour Nito, who is also a real estate businessman, sued Pichr Sreymom when her cheques issued to him bounced, and offence under Article 231 of the Law on Negotiable Instrument and Payment Transactions.
If convicted, she could face a jail term of between 1 and 2 years.
According to a police report obtained by Khmer Times, Sreymom and Hour Nito were close friends and business partners.
In 2020, Sreymom borrowed about $1 million from Hour Nito to improve her business and in April, Sreymom issued cheques totaling $776,000 to Hour Nito in repayment of the loan.
The cheques bounced and when Sreymon failed to repay the money, Hour Nito took the matter to court.
https://www.khmertimeskh.com/501070026/ ... d-cheques/
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