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PM Encourages Confiscating Assets From Those Who Encourage Not Paying Bank Debts

  • Posted Oct 3, 2022 11:47 by Sao Sokeang
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PHNOM PENH: Prime Minister Hun Sen has expressed outrage over some groups that have created a movement to urge people not to pay their bank debts. He said the bank should confiscate property from such people.

Speaking at the graduation ceremony for more than 3,000 students of the Vanda Institute on Monday morning, 3 October, Prime Minister Hun Sen said that he learned that there is a movement to urge people not to repay their bank debts, a movement that has been started by people who live abroad. He stated that the masterminds behind this movement advising people not to pay banks should have their property confiscated first.

"The people that are advocating for not paying off bank debts are the subject of foreclosure. Whoever follows such masterminds abroad will not be the first to pay for the confiscation," said the Prime Minister.

He added, "They borrow money, then they do not want to pay for it, why is [this reasoning] so damaged?"

During a recent get-together with residents in Run Ta Ek village, the Prime Minister also called on credit companies to provide low-interest loans to Run Ta Ek citizens with soft capital, to encourage businesses in the area where they live. In particular, he said credit companies should understand and facilitate people who owe the bank money but cannot afford to pay on time.

PHOTO: Yuthkun

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