Monday, August 06, 2007

The Long Chhin Co. has only $4,000 in the bank

Monday, August 6, 2007
Everyday.com.kh
Translated from Khmer by Socheata

According to an official from the Ministry of Interior (MoI), the Long Chhin Resorts company which is a development company for luxurious homes, and for which the government ordered to destroy all its constructions in Kob Srov Lake last week, has only $4,000 in its bank account. Nuth Sa An, a secretary of state at the MoI, told The Cambodia Daily on Sunday that, after prime minister Hun Sen ordered a freeze of this company’s assets, the Ministry of Finance only found $4,000 in the company’s bank account. Nuth Sa An said that, during the meeting of the council of ministers on Friday, Hun Sen issued a directive to search for the company assets which can be used to pay back the people whose properties were destroyed. Nuth Sa An added that the government will pursue its help if the frozen assets are not sufficient (to cover the payback).

3 comments:

Anonymous said...

This problem can be occured because of corruption from various departments and various authorities. Without corruptions, this kind of illegal occupation and illegal constructions cannot be erected. At present there are millions of this kind of illegal constructions are being erected in Cambodia but because there are a lot of kickback around to black out all the eyes of these hungry sharks and crocodiles, therefore these sharks and these hungry crocodiles are hidding in the deep water. Areak Prey

Anonymous said...

More should be done to eradicate this kind of illegal activities; not to mention it should have way before it happens.

Anonymous said...

Don't be so serious Ah Hun Sen and ah Chin are cheating the small inverstors !