Kosovan owner of Raqia Dennis Cokovic aka Denis Deney arrested in multi-million fraud charges
To me it just seems oddly odd.
- Miguelito
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Well the lightning speed of the court system is working: Cokovic Denis, 56, has appeared in court.
His defense is that he was set up, never borrowed any money, nor wrote any post dated checks.
His defense is that he was set up, never borrowed any money, nor wrote any post dated checks.
Kosovo businessman tried over $27 million fraudPhnom Penh Municipal Court yesterday tried a Kosovo national who allegedly cheated the wife of the Minister Attached to the Prime Minister out of more than $27 million in a joint-venture to build resorts in Kep and Kampot provinces between 2016 and 2017.
Judge Ros Piseth identified the accused as Cokovic Denis, 56, who was charged with fraud and issuing a bad check. Mr Denis faces up to three years if convicted.
Judge Piseth said that the accused was arrested by military police on October 23, 2017. He said Mr Denis was sued by Khim Rany, general director of Southeast Asia Television and the wife of Minister Attached to the Prime Minister Kao Kim Huorn.
Judge Piseth noted that in 2016, the accused, who was a real estate investor living in Cambodia, persuaded Ms Rany and Mr Kim Hourn to invest in a joint-venture project to build resorts in Kep and Kampot provinces.
He said that to produce the master plan, Mr Denis borrowed $27,450,000 in stages from Ms Rany.
Judge Piseth said that in 2017 when the master plan was still not ready, Ms Rany demanded her money back and that between April and June the accused issued four post-dated cheques for her to cash and recover her money in June.
“But when the plaintiff went to cash the cheques at his bank, there was no money in his account,” he noted.
Judge Piseth said that in October, Ms Rany filed a complaint with the military who later arrested Mr Denis. After his arrest, police seized $458,336, his passport and other related documents from the accused.
During yesterday’s trial, Mr Denis denied the allegations. He told the court that he had never borrowed any money from Ms Rany or her husband.
Mr Denis claimed that Mr Kim Huorn and his wife prepared a plot to have him arrested.
“I had never borrowed any money from Mr Kim Hourn or his wife,” he told the court yesterday.
Asked about the bad checks, Mr Denis told the court that they did not belong to him and were prepared by Mr Kim Huorn and his wife in order to frame him.
“I checked the signatures and words on the cheques and they were not written by me,” he said. “I am a good foreign investor in Cambodia. Please drop the charges and release me.”
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- Miguelito
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Before he was arrested, probably greed and he enjoyed his life here. He was scheduled to open a new night club a week after he was arrested.
After he was arrested, I believe he was able to get released. But then, he had no passport and no embassy. Surprised we never saw his name at the immigration booth.
After he was arrested, I believe he was able to get released. But then, he had no passport and no embassy. Surprised we never saw his name at the immigration booth.
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I reckon he's innocent - those billionaires just got their greedy little eyes on his sleazy nightclubs.
Free the Cok! Free the Cok!...
Free the Cok! Free the Cok!...
...then he smiled again, and slipped away, further on up the stream
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Looks like he was sentenced to two years in prison, and ordered to pay 10 million riel ($2,500) in compensation to Khim Rany, the director-general of Southeast Asia Television, over fraud committed between 2016 and 2017.
Kong Sam Onn, Cokovic’s lawyer, told The Phnom Penh Post that since Cokovic had already been detained for 19 months, and the court had sentenced him to two years, he would be released from prison within five months.
I could probably do two years in prison here for $27 million. Probably.
Kosovan man given two years behind bars for fraud
Kong Sam Onn, Cokovic’s lawyer, told The Phnom Penh Post that since Cokovic had already been detained for 19 months, and the court had sentenced him to two years, he would be released from prison within five months.
I could probably do two years in prison here for $27 million. Probably.
Kosovan man given two years behind bars for fraud
“With regard to the court ordering my client to pay the plaintiff 10 million riel, if we don’t appeal, we will pay. But I will discuss with my client first,” Sam Onn said.
During his hearing on March 11, Cokovic said that in 2016, he knew Khim Rany’s husband, minister attached to the Prime Minister’s office, Kao Kim Huon and created a company to build resorts in Siem Reap, Kep and Kampot provinces, with capital of more than $23 million.
Cokovic said Kim Huon’s role was a “document runner” in a company set up by Cokovic in Bangkok.
He claimed that Kim Huon demanded $500,000 in cash and that Rany and Kim Huon pushed him to sign post-dated cheques for Kim Huon worth $59 million.
He said, however, that they did not spend the money as the project had not been completed.
The court report said that after they had agreed to create the resorts, Cokovic borrowed more than $27 million in cash from Kim Huon. Rany later filed a complaint when Cokovic signed 10 cheques worth the $59 million that bounced.
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