PHNOM PENH, Cambodia — An investor and shareholder in YY Capital Partners Co., Ltd. has formally asked Cambodia’s Ministry of Justice to intervene in a dispute with the company’s chairman, Yamada Taihei, citing allegations of fraud, embezzlement, and breaches of trust.
In letters sent to Cambodian authorities, the investor claims he was financially harmed by Yamada, a Japanese national who chairs YY Capital’s board. The documents allege that multiple real estate transactions in Cambodia were manipulated, with preliminary assessments indicating that roughly $4 million may have been misappropriated for personal use and the benefit of others.
The investor further accuses Yamada of orchestrating fictitious business deals, including loans totaling over $7 million, committing document forgery, and diverting substantial sums of cash through shell companies connected to him and alleged associates. Some funds were reportedly transferred to an overseas bank account under the name of Yamada’s wife, Ye Jun.
Additional claims suggest that Yamada set up shell companies in Cambodia, Malaysia, Singapore, and Japan using nominee directors, while retaining direct control over the companies’ 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 bank accounts have already been frozen by court order. Investigations are reportedly ongoing, with authorities in other countries—including China, Japan, Malaysia, Singapore, Hong Kong, and the United States—examining allegations of embezzlement, money laundering, document forgery, and breach of trust.
The investor urged Cambodian authorities to ensure a thorough investigation and expressed concern that interference 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)
