Phnom Penh (FN), Sep. 13 – The Ministry of Foreign Affairs and International Cooperation expressed deep regret over the unjust decision announced by the US Department of the Treasury on 12 September 2024, targeting Cambodian businessman Ly Yong Phat, his conglomerate L.Y.P. Group Co. Ltd, and four related businesses.

"The move, based on unconfirmed reports of forced labor linked to online investment scams, are politically motivated and run counter to the spirit of reinforcing our bilateral cooperation and mutual trust, as expressed by US Secretary of Defense Lloyd J. Austin III during his visit to Cambodia in June," according to the letter seen by Fresh News on Friday (Sep. 13).

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=FRESH NEWS