Property Developer Accused Of Massive Fraud

Phnom Penh: According to the Inspectorate of Memot district, police have arrested the director of Enarita Development, a popular land selling company. Dim Sounnath is accused of cheating and fraud running into hundreds of millions of dollars.

According to the source, the general director of the real estate firm of ENARITA DEVELOPMENT CO., LTD, has lied several times and issued phoney cheques with a total amount of between 200 million, nearly 300 million USD.

One of the many victims, he said he had invested with the company after general issued a personal guarantee and a thumbprint, promising high returns.

By May 13, 2019, however, there was no cash coming and Dim Sounnath blamed the National Bank.

The victim waited until July 5, 2019, filed a complaint with the Ministry of Interior, which conducted an investigation..

Enarita is known to have previously announced plans to sell land in many resort areas in Siem Reap, Battambang, Pailin and Preah Vihear.

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