Ex-Tycoon Duong Ngiep Sent to Prison After Bail Revoked Pending Trial

Buth Reaksmey Kongkea 

Phnom Penh Municipal Court on January 14, 2022  revoked Tycoon Duong Ngiep’s bail and placed him in the JP Prison pending trial for allegedly issuing dud cheques to the amount of more than $7,305,000 to two Taiwanese nationals to settle debts in 2020. 

According to the court document, obtained by Khmer Times, a warrant was issued by Investigating Judge Im Vannak to arrest Lieutenant General Ngiep, 56, a deputy director general in the Ministry of Interior.

 He was charged with two counts of “Fraud” under Articles 377 and 378 of the Criminal Code, and with “issuing a dud cheque” under Article of 231 of the Law on Negotiable Instrument and Payment Transactions.

(If convicted he faces at least three years in prison).

Ngiep was sued by two Taiwanese businessmen identified as ChimYu Yen and Yao Ching King for allegedly cheating them out of $7,305,000 in a fraudulent land in 2020. 

Phnom Penh Municipality Penal Police Officer Major Bun Kimheng said the accused was arrested at his home yesterday by municipal penal police in accordance with a court warrant. 

Maj Kimheng said that after his arrest, Ngiep was sent to the court for questioning before being transferred to the prison in Russei Keo district.

He said that according to police investigation as well as the plaintiffs’ complaints, the accused had sold land in the outskirts of the capital which wasworth about $10 million to the two Taiwanese identified as ChimYu Yen and Yao Ching King. 

Maj Kimheng said that Ngiep received a down payment of $7, 305,000 from the two victims, he did not have any land to give them as contracted. 

He added that when the victims demanded their payment back, the accused issued three cheques for the total amount to them. 

“But when the victims went to cash the cheques from the account, he did not have any money in his bank,” Maj Kimheng said. “And when the plaintiffs demanded their payment back from him, he did not refund it to them until today.” 

He added that the plaintiffs filed a lawsuit against Duong Ngiep at Phnom Penh Municipal Court in June last year. 

Duong Ngiep and his lawyer could not be reached for comments yesterday.









Comments

Post a Comment

Popular posts from this blog

Laotian gets life for drug trafficking

Image
Buth Reaksmey Kongkea The Phnom Penh Municipal Court has sentenced a Laotian drug trafficker to life imprisonment after the 42-year-old was convicted of trafficking about 7 kilograms of crystal methamphetamine. Presiding Judge Sin Sovannroath said Houa Choua was from Champasak province’s Moeung Khong district, Laos.     “The Phnom Penh Municipal Court has decided to sentence the accused Houa Choua to a life sentence and a fine of 100 million riels,” Judge Sovannroath said in his judgment yesterday.   He said that the accused was charged with “drug possessing, transport and trafficking” under Article 40 of Cambodian Law on Drugs Control and with “money Laundering” under Articles 38 of the Law on Anti-Money Laundering and Financing.   Judge Sovannroath stated that Houa Choua was arrested by police at a guesthouse in Por Senchey district’s Kakab commune on October 16, 2022, night.  Houa Choua was detained after he had transported the drugs by car from the Cambodia-Lao border in
Read more

Sorn Elit, the Tallest Cambodian Taekwando Champion

BY BUTH REAKSMEY KONGKEA There are 18 Taekwondo fighters on the national team, according to Hem Samnang, Secretary General of the Cambodian Taekwondo Federation (CTF). He was speaking to The Southeast Asia Weekly on July 22. The Secretary General said that Sorn Elit, 22, is currently the best Taekwondo fighter in Cambodia. He has attended many competitions both at home and abroad and has achieved success in both fields. In 2008, he won the national heavyweight title in the Taekwondo championships. “I am very proud of Sorn Elit as he is the best fighter in Cambodia,” Samnang said. “I believe that he will continue to bring honor to the country, the sport and himself as he competes in still more competitions at home and in the international fighting arena. He is completely committed to his training schedule and is a credit to the sport.” The Secretary General said that to improve Elit’s skills, the CTF sent him to get Taekwondo training in South Korea over two weeks in 2007. The CTF plans
Read more

Chan Tra: Life of a Cambodian Traditional Tattoo Artist

BY BUTH REAKSMEY KONGKEA Among tattooists in Cambodia, Chan Tra, 46, is the only tattoo artist to retain the ability to ink a wide range of subjects in different styles. His modern counterparts are limited in their repertoire in comparison. His subjects include the human form, birds and abstract patterns. Chan Tra is now an expert in drawing Ankor Wat on the skin of foreign clients, thus turning them into walking, talking promotional materials for Cambodia’s tourist sector. Chan Tra was born in 1963 in Sihanouk province and has two sons and one daughter. He is an orphaned and a Survivor of the Khmer Rouge regime. He lost his entire family during the years of terror between 1975 and 1979. “I have loved drawing and painting ever since I was a child and practised my art every day before the arrival of the Pol Pot regime. Consequently, I like the art of tattooing and it makes a solid source of income to keep my wife and kids happy,” he told The Southeast Asia Weekly during a personal i
Read more