Wednesday, November 01, 2006

Battle of the corrupts: Heavyweight Nhiek Bun Chhay goes head to head with heavyweight Cheam Yeap

Wednesday, November 1, 2006
Funcinpec Refusing To Hand Over Headquarters

By Yun Samean
THE CAMBODIA DAILY

Funcinpec Secretary-General Nhiek Bun Chhay announced Tuesday that the party will not hand over its headquarters to a private developer who bought the property from former Funcinpec president Prince Norodom Ranariddh.

Ly Chhuong, son-in-law of prominent CPP lawmaker Cheam Yeap, who purchased the property in late 2005 claims that the deal was made with Funcinpec, the party, rather than the party's then-president Prince Ranariddh.

Ly Chhuong said he will fight a legal battle to take control of the premises beside the French Embassy in Phnom Penh.

The Funcinpec congress Oct 18 that ousted Prince Ranariddh as president also decided to annul the sale agreement of the headquarters, Nhiek Bun Chhay said.

"The Funcinpec headquarters will remain in the same location," he said at a news conference at the headquarters. "Those who sold it, they must solve it" he added.

Nhiek Bun Chhay also claimed that Prince Ranariddh sold the headquarters for $3.6 million, but the prince only gave $1 million to buy new land for a new headquarters on the outskirts of the capital in Dangkao district.

Ly Chhuong, owner of Ly Chhuong Construction and Import Export Co Ltd, said his firm has owned the land for over a year.

"Funcinpec sold it to me," he said, adding that Prince Ranariddh accepted $1 million in cash for the land, which was used to buy land for Funcinpec's new headquarters.

Ly Chhuong said he also agreed to pay $2.5 million to build a new headquarters for the party on the Dangkao land. The new headquarters are 20 percent complete, he added.

Prince Ranariddh's public affairs adviser Ok Socheat said the party completed the land sale with Ly Chhuong and that the prince is no longer involved.

Asked about the disputed sale, Cheam Yeap claimed that Nhiek Bun Chhay had literally "begged" his son-in-law to buy the Funcinpec headquarters in 2005.

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