(Phnom Penh) – A shareholder of YY Capital Partners Co., Ltd. has formally appealed to the Cambodian Ministry of Justice, seeking action against the company’s Chairman, Yamada Taihei, over allegations of financial misconduct and breach of trust.
According to the shareholder, Yamada, a Japanese national, allegedly manipulated real estate purchase prices in Cambodia for personal gain, diverting an estimated USD 4 million. He is also accused of bypassing the authority of other shareholders, fabricating business transactions, arranging loans exceeding USD 7 million, and using forged documents and shell companies to move funds. Some of the money is reportedly held in an overseas account under his wife’s name.
Further allegations suggest that Yamada established multiple shell companies in Cambodia, Malaysia, Singapore, and Japan, appointing nominees as company representatives while maintaining full control of the financial operations.
In Cambodia, Yamada and his associates are facing at least two criminal cases, with several assets and bank accounts frozen under court orders. Investigations are also reportedly underway in China, Japan, Malaysia, Singapore, Hong Kong, and the United States, targeting alleged embezzlement, money laundering, and document forgery.
The shareholder’s letters call on Cambodian authorities to conduct a comprehensive investigation, ensure due legal process, and hold Yamada accountable. The letters also warn of potential interference by influential individuals that could obstruct justice, intimidate witnesses, or destroy evidence.
Citation: Fresh News, Cambodia
(https://freshnews.com.kh/localnews/414009-2025-12-31-18-18-36)
