Phnom Penh (FN), November 1 — Cambodia's Pursat Provincial Court recently ordered the arrest of Zhang San Huo, chairman of the board, and Tse Michael Nam (Xie Nan Yang), senior manager of Green Leader of Holdings Group Limited from Hong Kong, China for «fraud» case.
Green Leader Holdings Group Limited was originally named as North Asia Resource Holdings Limited, is a company that entered stock exchange in Hong Kong. This company initially developed mineral resources in China, and recently they came to Cambodia to corporate with local companies in planting and processing cassava.
Senior staff of the above company said on condition of anonymity that the appeal and arrest warrant came out after the reports on company market share in Hong Kong have been made, and by those false reports about the work and the use of deceptive tactics, fights with various local happened and caused the charge and lawsuit.
By the 31st of October 2017, Fresh News has yet to confirm a statement from Green Leader Holdings Group Limited about the release of the arrest warrant.
The court's indictment concluded that the two senior managers were involved in a «serious» fraud activities due to Articles 626 and 627 of the Cambodian Penal Code, which had been determined to be a criminal offense and ordered to be arrested.