Cambodia charges GCG ASIA’s CEO with “fraud attempt” for linking PM to unlicensed cryptocurrency business

A Cambodian court on Sunday charged Yaw Foo Hoe, chief executive officer of GCG ASIA, with “fraud attempt” for falsely claiming that country’s Prime Minister Samdech Techo Hun Sen supported the company’s unlicensed cryptocurrency trading, a spokesman said.

After examining the case and questioning Yaw Foo Hoe, the prosecutor decided to charge him with fraud attempt under certain articles of the criminal code, Phnom Penh Municipal Court Spokesman Ly Sophana told reporters.

Under the charges, Hoe, who is a Malaysian national, is facing imprisonment between six months and three years.

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