Showing posts with label Bank account. Show all posts
Showing posts with label Bank account. Show all posts

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).