Kosovo businessman tried over $27 million fraud

[geovalin]

Phnom Penh Municipal Court yesterday tried a Kosovo national who allegedly cheated the wife of the Minister Attached to the Prime Minister out of more than $27 million in a joint-venture to build resorts in Kep and Kampot provinces between 2016 and 2017. Judge Ros Piseth identified the accused as Cokovic Denis, 56, who was charged with fraud and issuing a bad check. Mr Denis faces up to three years if convicted.

 

Judge Piseth said that the accused was arrested by military police on October 23, 2017. He said Mr Denis was sued by Khim Rany, general director of Southeast Asia Television and the wife of Minister Attached to the Prime Minister Kao Kim Huorn.

. .Judge Piseth noted that in 2016, the accused, who was a real estate investor living in Cambodia, persuaded Ms Rany and Mr Kim Hourn to invest in a joint-venture project to build resorts in Kep and Kampot provinces.

 

He said that to produce the master plan, Mr Denis borrowed $27,450,000 in stages from Ms Rany. Judge Piseth said that in 2017 when the master plan was still not ready, Ms Rany demanded her money back and that between April and June the accused issued four post-dated cheques for her to cash and recover her money in June.

 

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