PHNOM PENH, Cambodia — A 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.

According to two letters submitted to government officials, the investor alleges serious misconduct by Yamada, a Japanese national who serves as chairman of the board. One of the letters was addressed directly to Cambodia’s Ministry of Justice, requesting assistance to “ensure justice” and calling for a thorough investigation into what the investor describes as embezzlement, fraud, and breaches of trust tied to the company’s business dealings.

The investor claims that multiple real estate transactions in Cambodia were manipulated by inflating purchase prices, with preliminary findings suggesting that roughly $4 million may have been misappropriated for personal gain and for the benefit of others.

In addition, the letters allege that fictitious business arrangements were created to conceal wrongdoing. These reportedly include loan agreements exceeding $7 million, along with accusations of forged documents and significant cash diversions conducted through shell companies allegedly linked to Yamada and his associates. The investor further claims that some of the diverted funds were transferred to an overseas bank account registered in the name of Yamada’s wife, Ye Jun.

The allegations extend beyond Cambodia. According to the letters, Yamada is accused of establishing shell companies in Malaysia, Singapore, Japan, and Cambodia, using nominees while maintaining direct control over associated bank accounts and financial transactions.

The investor also notes that Cambodian prosecutors have filed charges in at least two criminal cases involving Yamada and other individuals. Court orders have reportedly led to the freezing of certain assets and bank accounts. Beyond Cambodia, authorities in several jurisdictions—including China, Japan, Malaysia, Singapore, Hong Kong, and the United States—are said to be reviewing related allegations. These reportedly include embezzlement, document forgery, breach of trust, and potential money laundering.

In his appeal, the investor urged Cambodian courts and government bodies to conduct a comprehensive and impartial investigation. He also expressed concern about possible interference that could allow suspects to evade accountability, intimidate witnesses, or destroy evidence.

As of now, the allegations outlined in the letters remain claims by the investor, and further developments will depend on the outcome of ongoing investigations in Cambodia and other countries.

(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)