Acleda bank employees admit $1M loan fraud.
Posted: Fri Jan 27, 2017 12:07 pm
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/