More than 400 investors in GoldFX — a troubled investment firm linked to ruling party scions — last week accepted a deal to recover 30% of the money they lost, a company lawyer said.
Sar Kheng has not endorsed Hun Manet as Prime Minister Hun Sen’s likely successor, making him the lone holdout among the 10 deputy prime ministers. His nine peers have all signed onto public statements of support for Hun Sen’s eldest son.
The financial firm, run by Ke Suonsophy and Sar Channet, the daughter and niece of two deputy prime ministers, suspended operations in April, blaming three ex-board members of cheating the company out of $20 million.
About 60 investors protested in Phnom Penh on Monday over money they allegedly lost to an embattled investment firm that once advertised links to business and ruling-party elites.
An investment firm run by a daughter and niece of two deputy prime ministers is suing ex-board members who it claims cheated the company out of $20 million — though some customers say they want the company to take the responsibility for the loss of their investments.
A Chip Mong company representative said there was no threat made against protesters in its luxury Phnom Penh gated community after the residents, who opposed the filling in of a pond near the compound’s golf course, accused it of sending armed guards to remove protest banners from the gates of their mansions.
VOD is an independent media outlet producing radio programs and disseminating information to the public via the Internet.
© 2019 VOD. All Rights Reserved.
