[PHNOM PENH POST]
Disputes between owners at prominent rice miller Loran Import Export
Company have been resolved, with Chief Executive Officer Lim Bunheng set
to buy the stake held by prominent media personality Soy Sopheap and
his associates, company officials said yesterday.
“We have agreed
to end all disputes between [Loran] and Soy Sopheap, with both parties
agreeing to withdraw all lawsuits from the court,” Loran Vice President
Lim Bunseng told The Post yesterday.
“We also agreed that from now on we will consider each other as family.”
Soy
Sopheap and three others had become shareholders in Loran Import Export
in July 2010. The dispute stems from November of that year, when Lim
Bunheng set up Loran Group excluding Soy Sopheap and three others from
the ownership. Soy Sopheap’s lawyer Kuoy Thunnas has said it was unfair
to set up a potentially competing company, while Loran Import Export
lawyer Khiev Sambo countered that Soy Sopheap’s group had not paid in
full for its shares.
Yesterday, Lim Bunseng said the two parties had agreed to end several other legal disputes during a meeting late on Wednesday.
Lim
Bunheng and Nokorwat newspaper Managing Editor Touch Kongkea had
previously launched lawsuits against Soy Sopheap, accusing him of
stealing secret email correspondence and defamation, said Kuoy Thunna.
“He [Soy Sopheap] has not committed the crimes as accused,” said Kuoy
Thunna, adding he had asked for the charges to be dropped.
But
Lim Bunseng told The Post yesterday that the correspondence had been
stolen without permission, and sent a letter to Prime Minister Hun Sen
about the correspondence.
Loran had also filed a defamation
lawsuit to the Phnom Penh Municipal Court over Soy Sopheap’s commentary
on June 30, 2011, on Bayon TV, claiming Loran avoided paying taxes, said
Lim Bunseng. “His commentary is not true and had affected my company’s reputation and honour,” he said.
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