PHNOM PENH, Cambodia — A shareholder in YY Capital Partners Co., Ltd. has submitted formal letters to Cambodian authorities, urging intervention in a dispute involving the company’s chairman, Yamada Taihei. The investor alleges serious misconduct and breaches of trust linked to the firm’s operations.

One letter, addressed to Cambodia’s Ministry of Justice, calls for action to “ensure justice” for the investor, who claims he was defrauded and financially harmed by Yamada, a Japanese national and chairman of the board. According to the letters, the alleged wrongdoing includes inflated purchase prices in multiple real estate deals in Cambodia, with preliminary findings suggesting that roughly $4 million may have been misappropriated for personal gain and that of others.

The correspondence further accuses Yamada of creating fictitious business transactions, including loans totaling more than $7 million. Allegations also include document forgery and large-scale cash diversions routed through shell companies tied to Yamada and alleged accomplices. Some of the diverted funds, the letters claim, were transferred to an overseas bank account under the name of Yamada’s wife, Ye Jun.

The investor also claims that Yamada set up shell companies in Malaysia, Singapore, Japan, and Cambodia using nominees while maintaining direct control over associated bank accounts and transactions.

According to the letters, Cambodian prosecutors have already filed charges in at least two criminal cases involving Yamada and other individuals, resulting in the freezing of assets and bank accounts under court orders. The letters also suggest that further investigations are underway, with authorities in multiple countries — including China, Japan, Malaysia, Singapore, Hong Kong, and the United States — examining allegations of embezzlement, breach of trust, document forgery, and money laundering.

The investor urged Cambodian courts and authorities to conduct a comprehensive investigation, expressing concern that any interference could allow suspects to evade accountability, intimidate witnesses, or destroy evidence.

The situation 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)