Investor Urges Cambodia Justice Ministry to Act in YY Capital Dispute

PHNOM PENH, Cambodia — An investor in YY Capital Partners Co., Ltd. has asked Cambodian authorities to step in over alleged misconduct by the company’s chairman, Yamada Taihei, citing claims of embezzlement, fraud, and breach of trust.

In letters submitted to officials—including one sent to the Ministry of Justice—the investor detailed allegations that he was financially harmed by Yamada, a Japanese national leading YY Capital’s board. The letters claim that several real estate deals in Cambodia were manipulated, with preliminary findings suggesting that approximately $4 million may have been diverted for personal use and to benefit associates.

The investor also alleges that Yamada orchestrated fictitious transactions, including loans totaling more than $7 million, engaged in document forgery, and redirected substantial cash through shell companies tied to him and others. Some funds, the letters say, were transferred to an overseas account in the name of Yamada’s wife, Ye Jun.

Further accusations indicate that Yamada reportedly established shell companies in Cambodia, Malaysia, Singapore, and Japan using nominees, while maintaining direct control over their bank accounts and financial operations.

According to the letters, Cambodian prosecutors have filed charges in at least two criminal cases involving Yamada, and certain assets and accounts have been frozen under court orders. The letters also note that authorities in multiple countries—including China, Japan, Malaysia, Singapore, Hong Kong, and the United States—are investigating related allegations, including embezzlement, breach of trust, document forgery, and money laundering.

The investor called on Cambodian courts and authorities to conduct a thorough and impartial investigation, expressing concern that interference could allow suspects to evade justice, intimidate witnesses, or destroy evidence.

(Source cited in the original text: Fresh News, Cambodia.)

Citation: Fresh News, Cambodia
(https://freshnews.com.kh/localnews/414009-2025-12-31-18-18-36)