PHNOM PENH, Cambodia — A shareholder in YY Capital Partners Co., Ltd. has formally asked Cambodian authorities to step in amid a dispute involving the company’s chairman, Yamada Taihei. The investor alleges serious misconduct, including financial fraud, breach of trust, and the misappropriation of company funds.
In letters sent to officials — including Cambodia’s Ministry of Justice — the investor claims he was defrauded and financially harmed by Yamada, a Japanese national serving as chairman of the board. According to the correspondence, several real estate transactions in Cambodia were inflated, with preliminary estimates suggesting that roughly $4 million may have been diverted for personal gain and that of others.
The letters also allege that Yamada and his associates created fake business transactions, including loans totaling more than $7 million, and engaged in document forgery and large-scale fund diversion through shell companies. Some funds are reported to have been transferred to an overseas account under the name of Yamada’s wife, Ye Jun.
Further allegations suggest that Yamada set up shell companies in Cambodia, Malaysia, Singapore, and Japan using nominee directors, while retaining direct control of the companies’ bank accounts and financial operations.
Cambodian prosecutors have reportedly filed charges in at least two criminal cases involving Yamada and others, leading to frozen assets and accounts under court orders. The investor also claims that authorities in multiple countries — including China, Japan, Malaysia, Singapore, Hong Kong, and the United States — are investigating allegations of embezzlement, document forgery, breach of trust, and money laundering.
In his appeal, the investor urged 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.
The dispute remains under close scrutiny as both local and international authorities continue their investigations.
(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)
