PHNOM PENH, Cambodia — An investor and shareholder in YY Capital Partners Co., Ltd. has formally appealed to Cambodian authorities, asking them to intervene in an escalating dispute involving the company’s chairman, Yamada Taihei.
In two letters sent to government officials — including one addressed directly to Cambodia’s Ministry of Justice — the investor called for support to “ensure justice,” alleging that he was defrauded and financially harmed through what he describes as serious breaches of trust by Yamada, a Japanese national who serves as chairman of the board.
According to the letters, the investor claims that Yamada inflated purchase prices in several Cambodian real estate transactions. Preliminary findings cited in the correspondence suggest that approximately $4 million may have been misappropriated for personal gain and the benefit of others.
The allegations go further, accusing Yamada and associates of fabricating business transactions, including loan agreements totaling more than $7 million. The letters also raise claims of document forgery and large-scale diversion of funds through shell companies allegedly connected to Yamada and other individuals. Some of the funds, the investor claims, were transferred to an overseas bank account registered under the name of Yamada’s wife, Ye Jun.
In addition, the investor alleges that Yamada established multiple shell companies across Malaysia, Singapore, Japan, and Cambodia using nominee directors, while maintaining direct control over related bank accounts and financial activities.
The letters state that Cambodian prosecutors have already filed charges in at least two criminal cases involving Yamada and other parties. As part of those proceedings, certain assets and bank accounts have reportedly been frozen by court order. The investor also claims that additional investigations are ongoing.
Beyond Cambodia, authorities in several jurisdictions — including China, Japan, Malaysia, Singapore, Hong Kong, and the United States — are reportedly examining related allegations. These inquiries are said to involve potential offenses such as embezzlement, document forgery, breach of trust, and money laundering.
In his appeal, the investor urged Cambodian courts and enforcement agencies to carry out a thorough and impartial investigation. He also expressed concern that any interference could allow suspects to evade accountability, intimidate witnesses, or destroy key evidence.
The matter remains under investigation.
(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)
