A former employee of a microfinance institution (MFI) was Tuesday jailed on charges of embezzling some $300,000 from the company, a court official said.
Hor Lina, a deputy prosecutor at the Phnom Penh Municipal Court, identified the suspect only as a former employee of Collective Win, an MFI based in Phnom Penh.
“The judge charged him for cheating the company of $300,000 in cash, and he was sent to prison at about 2 p.m.,” Mr. Lina said, declining to say more about the case.
Maing Sokluch, chief of the municipal military police’s serious crimes bureau, confirmed that the man was arrested a few days ago, but also declined to provide details.
Local media named the suspected embezzler as Buth Chanvireak, a former credit manager at Collective Win.
According to the reports, Mr. Chanvireak created fake clients and forged documents to siphon off loans from the MFI over the course of a year and was arrested in response to a court complaint filed by the firm.
