PHNOM PENH, Cambodia — An investor in YY Capital Partners Co., Ltd. has formally appealed to Cambodia’s Ministry of Justice, asking authorities to step in over what he describes as serious misconduct by the company’s chairman, Yamada Taihei.
According to two letters submitted to Cambodian officials, the investor—who is also a shareholder in the firm—alleges that Yamada, a Japanese national and chairman of the board, engaged in breaches of trust, embezzlement, and fraudulent business practices that caused significant financial harm.
In one of the letters addressed directly to the Ministry of Justice, the investor calls for government intervention to “ensure justice,” claiming he was defrauded through a series of questionable real estate transactions in Cambodia. He alleges that property purchase prices were deliberately inflated, with preliminary findings suggesting that approximately $4 million may have been misappropriated for personal gain and the benefit of others.
The complaint further outlines allegations of fabricated business deals, including loan arrangements totaling more than $7 million. The investor claims that forged documents and substantial cash diversions were carried out through shell companies allegedly linked to Yamada and several associates. Some of the diverted funds, according to the letters, were reportedly transferred to an overseas bank account under the name of Yamada’s wife, Ye Jun.
The investor also alleges that Yamada established a network of shell companies in Malaysia, Singapore, Japan, and Cambodia. These entities were reportedly set up using nominee directors, while Yamada allegedly maintained direct control over related bank accounts and financial transactions.
The letters state that Cambodian prosecutors have already filed charges in at least two criminal cases involving Yamada and other individuals. As part of those proceedings, certain assets and bank accounts have reportedly been frozen by court order. The investor further claims that additional investigations are ongoing.
Beyond Cambodia, authorities in several jurisdictions—including China, Japan, Malaysia, Singapore, Hong Kong, and the United States—are said to be reviewing allegations tied to the case. These reportedly include claims of embezzlement, document forgery, breach of trust, and money laundering.
In his appeal, the investor urges Cambodian courts and law enforcement agencies to carry out comprehensive and impartial investigations. He also expresses concern about potential interference that could allow suspects to avoid accountability, intimidate witnesses, or destroy evidence.
As of now, the allegations outlined in the letters have not been publicly addressed by Yamada or YY Capital Partners Co., Ltd. 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)