After a cursory look into the finances of Royal Air Cambodge, the Council of Ministers has ordered a broader investigation, senior government officials said Monday.
“We investigated and found a lot of misspending and tax evasion,” government spokesman Khieu Kanharith said. “So now we hope to make a more in-depth investigation.”
The airline was accused last year of mismanagement, and RAC executives acknowledged the company had lost about $24 million since its 1995 founding.
An initial investigation was conducted by a panel set up in December to scrutinize government revenue collection. The Council of Ministers launched a new commission focusing solely on RAC at the end of February.
The 15-member panel comprises aviation and finance officials and Council of Ministers representatives. Its head, Nhim Vanda, and RAC officials could not be reached for comment Monday.
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