Three Charged for $2.3 Million Embezzlement From Banks
The former manager of Canadia Bank’s credit section, along with two accomplices at the bank, were charged Thursday with theft and forgery for allegedly embezzling about $2.3 million from ABA and SBC banks, according to municipal court and police officials. “The deputy [municipal court] prosecutor has charged them with theft and forged documents after questioning. We have charged them and sent them to prison for pretrial detention,” said municipal court investigating Judge Suos Sam Ath. However, Babu Ram Gyawali, chief financial officer of ABA Bank, denied that any money had been stolen from the accounts of ABA clients. “This is wrong information. From ABA Bank, we have not lost any money,” he said. Canadia Bank CEO Michael Lor declined to comment on the case. ... Stephen Higgins, former CEO of ANZ Royal Bank, said that $2.3 million was a remarkably high sum to be stolen in Cambodia’s relatively small banking market, adding that it was highly unlikely that the entirety of the ill-gotten money could have come from only five bank accounts. ...
Eang Mengleng
http://www.cambodiadaily.com/news/three-charged-for-2-3-million-embezzlement-from-banks-44403/
