HELP! Korean Kookmin Bank stole all our 1.5 Million USD investment- Cambodia corruption at its best.
Posted: Tue Jan 22, 2019 10:05 pm
This is a real and perfect scam that can only happen in modern days in the country of Cambodia and it happened to us.
You will be amazed at how it is done by the Foreign Big Bank under the court and political system and the culture in the Kingdom.
We came to Cambodia in 2009 purely for investment, all cash.
Never borrow a penny from any bank, do no know of any bank. never heard of Kookmin Bank of Korea.
Apparently, as we learned that Korean Kookmin Bank opened the first Cambodia branch in Phnom Penh in late 2009, we came to Cambodia in the late fall of 2009.
We did not know of them, we did not know they existed. But 2 years later, our 1.5 Million USD entire investment was stolen by Korean Kookmin without any of my contact, or any of my knowledge.
What was discovered was the Kookmin Manager was involved with a private-lending with an individual (Lim Laing Chhay) and they collaborated to use my hotel as their personal collateral. So the proceed of the fund was funnel from my hotel to this individual through the help of Kookmin Bank and mostly the manager.
IN the subsequent post, I will expose to the detail of their operation and how Kookmin Bank uses the Cambodia Court system to gain the thievery and swallowed our 1.5 Million dollar business hotel investment.
I have written letters to the PM HE since Nov 2018, not yet any response.
BRIEF: Kookmin Bank robbed our Hotel Business by producing a fraudulent document*1 with a fake notary.
We are American family, invested $1.5 million (USD $1,500,000.00) in Cambodia in 2010, a year later, our hotel business got destroyed and seized by Kookmin Bank without our knowledge while in our absence.
Unbeknownst to us, started around May 2010, the Bank engaged privately through the personal loan*2 mechanism laundered $500,000 USD to its private client CHHAY and manipulated to take our hotel as collateral*1 by concocting a fake board resolution fraudulently notarized by a Commune Chief in our absence. Upon our discovery (12 July 2011) of their secret dealings, the Bank cooked up criminal charges against us, played the colluded corrupt games to have the Cambodia Court issued WARRANTS for our ARREST, and forced us, the Americans to flee the country.
*1 In justifying their thievery of our hotel, the Bank employed solely on a fraudulently-fabricated fake board resolution to seize and destroy our Hotel Business, this fake document was notarized on 20 May 2010 during our absence from Cambodia by a corrupt Commune Chief as we’ve never appeared in front of him. Anywhere in the world that is enough facts to overthrow Kookmin Bank’s illegal seizure of our hotel, but not in Cambodia. For 7 years, the justice has not come from the Cambodia Court.
*2 25 June 2010, Korean Kookmin Bank granted its client CHHAY a PERSONAL LOAN on the pretense that CHHAY is the owner of my Company Hotel business and illegally used my Hotel as BANK’S collateral.
The detail of this fake document is discussed in great length in this letter.
This is my first post, more to follow, hope to get some feedback.
We haven't been to Cambodia for the past 5 years due to our safety concerns.
anyone can offer insight and advice would be greatly appreciated.
any question, please ask.
the document will be provided when needed.
Thank you for reading the post.
You will be amazed at how it is done by the Foreign Big Bank under the court and political system and the culture in the Kingdom.
We came to Cambodia in 2009 purely for investment, all cash.
Never borrow a penny from any bank, do no know of any bank. never heard of Kookmin Bank of Korea.
Apparently, as we learned that Korean Kookmin Bank opened the first Cambodia branch in Phnom Penh in late 2009, we came to Cambodia in the late fall of 2009.
We did not know of them, we did not know they existed. But 2 years later, our 1.5 Million USD entire investment was stolen by Korean Kookmin without any of my contact, or any of my knowledge.
What was discovered was the Kookmin Manager was involved with a private-lending with an individual (Lim Laing Chhay) and they collaborated to use my hotel as their personal collateral. So the proceed of the fund was funnel from my hotel to this individual through the help of Kookmin Bank and mostly the manager.
IN the subsequent post, I will expose to the detail of their operation and how Kookmin Bank uses the Cambodia Court system to gain the thievery and swallowed our 1.5 Million dollar business hotel investment.
I have written letters to the PM HE since Nov 2018, not yet any response.
BRIEF: Kookmin Bank robbed our Hotel Business by producing a fraudulent document*1 with a fake notary.
We are American family, invested $1.5 million (USD $1,500,000.00) in Cambodia in 2010, a year later, our hotel business got destroyed and seized by Kookmin Bank without our knowledge while in our absence.
Unbeknownst to us, started around May 2010, the Bank engaged privately through the personal loan*2 mechanism laundered $500,000 USD to its private client CHHAY and manipulated to take our hotel as collateral*1 by concocting a fake board resolution fraudulently notarized by a Commune Chief in our absence. Upon our discovery (12 July 2011) of their secret dealings, the Bank cooked up criminal charges against us, played the colluded corrupt games to have the Cambodia Court issued WARRANTS for our ARREST, and forced us, the Americans to flee the country.
*1 In justifying their thievery of our hotel, the Bank employed solely on a fraudulently-fabricated fake board resolution to seize and destroy our Hotel Business, this fake document was notarized on 20 May 2010 during our absence from Cambodia by a corrupt Commune Chief as we’ve never appeared in front of him. Anywhere in the world that is enough facts to overthrow Kookmin Bank’s illegal seizure of our hotel, but not in Cambodia. For 7 years, the justice has not come from the Cambodia Court.
*2 25 June 2010, Korean Kookmin Bank granted its client CHHAY a PERSONAL LOAN on the pretense that CHHAY is the owner of my Company Hotel business and illegally used my Hotel as BANK’S collateral.
The detail of this fake document is discussed in great length in this letter.
This is my first post, more to follow, hope to get some feedback.
We haven't been to Cambodia for the past 5 years due to our safety concerns.
anyone can offer insight and advice would be greatly appreciated.
any question, please ask.
the document will be provided when needed.
Thank you for reading the post.
