PHNOM PENH, Cambodia — An investor and shareholder in YY Capital Partners Co., Ltd. has asked Cambodia’s Ministry of Justice to intervene in a dispute involving the company’s chairman, Yamada Taihei, citing alleged financial misconduct and breaches of trust.
In two letters submitted to authorities, the investor claims that Yamada, a Japanese national, engaged in activities that resulted in personal financial loss and harm to the company. The investor alleges that Yamada inflated purchase prices on multiple real estate transactions in Cambodia, with preliminary investigations suggesting that approximately $4 million may have been misappropriated for personal use and for the benefit of associates.
The letters further accuse Yamada of creating fictitious business transactions, including loan arrangements exceeding $7 million, and of using document forgery and large-scale cash diversions routed through shell companies linked to himself and alleged collaborators. Some of the allegedly misappropriated funds were reportedly transferred to an overseas bank account in the name of Yamada’s wife, Ye Jun.
According to the investor, Yamada also established shell companies in Malaysia, Singapore, Japan, and Cambodia using nominees, while maintaining direct control over the bank accounts and financial transactions associated with these entities.
In Cambodia, prosecutors have reportedly filed charges in at least two criminal cases against Yamada and others, and court orders have frozen certain assets and bank accounts. The letters also indicate that authorities in other jurisdictions—including China, Japan, Malaysia, Singapore, Hong Kong, and the United States—are investigating related allegations, including embezzlement, money laundering, document forgery, and breach of trust.
The investor urges Cambodian courts and law enforcement agencies to conduct thorough and impartial investigations. He also warns that any interference in the process could allow suspects to evade accountability, intimidate witnesses, or destroy evidence.
No official response from Yamada or YY Capital Partners has been reported so far, and the case continues to be 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)