"Economic adviser" to Obama charged with forgery in Cambodia

Ray Dam (C) and Suos Saroeun (R) (Photo: The Phnom Penh Post)

 Phnom Penh - Police in Cambodia arrested a man claiming to be an adviser to US President Barack Obama and head of an international finance organization that stores its assets in caves and sunken ships.

Ray Dam and associate Soush Saroeun were charged with forgery Monday after being arrested at Dam's home in Phnom Penh. They were accused of forging documents alleging connections with HSBC Bank, the US government and the United Nations.

The pair had been operating a self-described international real-estate consultancy known as Asia Real Property out of modern offices in the Cambodian capital.

Asia Real Property's promotional materials identified the firm as a subsidiary of a group called the Office of International Treasury Control that claimed to be 'the largest single owner of gold and platinum bullion in the world,' holding cash and treasure in a variety of clandestine locations.

'Much of the treasure is buried in tunnels, bunkers and caves and in sunken ships,' the group said in an investment presentation. 'Further treasures are hidden all around the world.' 

Dec 23, 2010
DPA