Former French-Cambodian company director general on trial over $700,000 fraud of investors

[geovalin]

Phnom Penh Municipal Court yesterday began the trial of a French-Cambodian businessman, who is accused of cheating three investors out of more than $700,000 while he was the director general of a company between 2014 and 2015. Presiding Judge Im Vannak identified the accused as You Chikhiang, 55, the former general director of HICLO Seafood Co Ltd living in Takhmao commune, in Kandal province’s Takhmao city.

 

He identified the plaintiffs as Stephang Chappaz Guillaume, Merle Paul Autoine and Charles Emmanuel. They are French investors and the stakeholders of HICLO Seafood Co, Ltd living in Paris,France, Judge Vannak said Chikhiang was charged with “Breach of Special Trust by Administrators or Other Persons” under Article 393 of the Criminal Code.

 

He added that the accused was arrested on January 6, 2017. He was sued by the three plaintiffs. Chao Sokpheng, one of the plaintiffs’ lawyers, said that in 2013, Chikhiang persuaded the plaintiffs, who were his friends living in France, to invest in an ice factory in Preah Sihanouk province.

 

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