Connected to fraud? Firm bought by Cambodian tycoon moved investment scam funds

Millions of dollars in criminal funds allegedly passed through the bank accounts of Connectum Limited.

Dec 19, 2024 - 17:00
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Connected to fraud? Firm bought by Cambodian tycoon moved investment scam funds

December 13, 2021

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Millions of dollars in criminal funds allegedly passed through the bank accounts of Connectum Limited, a London-based payments facilitator purchased one year ago by Cambodian tycoon Heng Sokha, according to a police report obtained by RFA.

Sokha also chairs a conglomerate of more than 50 Cambodian companies, known collectively as the AZ Group. She took over the group’s management from her husband Ing Bun Hoaw in 2008 when he was appointed Transport Ministry secretary of state after five years representing the ruling Cambodian People’s Party in the National Assembly.

RFA reported earlier this year on controversies and legal troubles surrounding Connectum’s past management and clients, which money laundering and anti-corruption experts described as serious red flags.

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