PHNOM PENH, Cambodia — An investor and shareholder in YY Capital Partners Co., Ltd. has formally requested intervention from Cambodian authorities in an ongoing dispute involving the company’s chairman, Yamada Taihei. The investor alleges serious misconduct, including breaches of trust and financial wrongdoing connected to the company’s operations.
According to two letters submitted to Cambodian officials, one addressed specifically to the Ministry of Justice, the investor claims he was defrauded, embezzled, and financially harmed by Yamada, a Japanese national serving as chairman of YY Capital’s board. The letters allege that multiple real estate transactions in Cambodia were manipulated, with preliminary findings suggesting that approximately $4 million may have been misappropriated for personal gain and for the benefit of associates.
The investor also claims that fictitious business transactions were orchestrated, including loan arrangements totaling more than $7 million, alongside document forgery and significant cash diversions through shell companies connected to Yamada and alleged collaborators. Some of the funds, according to the letters, were reportedly transferred to an overseas bank account in the name of Yamada’s wife, Ye Jun.
Further allegations indicate that Yamada allegedly set up shell companies in Malaysia, Singapore, Japan, and Cambodia, using nominee directors while retaining direct control over related bank accounts and financial transactions.
The letters note that Cambodian prosecutors have already filed charges in at least two criminal cases involving Yamada and other parties, with certain assets and bank accounts frozen under court orders. Investigations are reportedly ongoing, and authorities in several other jurisdictions—including China, Japan, Malaysia, Singapore, Hong Kong, and the United States—are examining allegations such as embezzlement, document forgery, breach of trust, and money laundering.
In his letters, the investor urged Cambodian courts and authorities to conduct thorough investigations. He expressed concern over potential interference that could allow suspects to evade accountability, 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)