(Phnom Penh): An investor and shareholder of YY Capital Partners Co., Ltd., has submitted two separate letters requesting intervention to seek justice in a case involving an individual named Yamada Taihei, who serves as the Chairman of the Board of Directors of YY Capital Partners Co., Ltd., and who is alleged to have committed acts of breach of trust in the course of the company’s business operations.
One of the two letters requesting intervention from the victim was submitted to the Ministry of Justice of the Kingdom of Cambodia, with the purpose of seeking support to ensure justice for the victim, who was allegedly embezzled from, defrauded, and subjected to breaches of trust in business operations by the current Chairman of the Board of Directors of YY Capital Partners Co., Ltd., namely Yamada Taihei, who is also a Japanese national.
The alleged embezzlement, misappropriation, and breach of trust arose from Yamada Taihei's abuse of his position as Chairman of the Board to inflate purchase prices of multiple real estate properties in the Kingdom of Cambodia. Preliminary findings indicate that approximately USD 4 million was misappropriated for personal benefit and that of his accomplices.
Furthermore, Yamada Taihei is alleged to have made unilateral decisions in violation of the rights and authority of other shareholders by creating several fictitious business transactions, including loan arrangements amounting to more than USD 7 million, by using the names of well-known Japanese corporations to deceive the victims, engaging in document forgery, and multiple large-scale irregular cash diversions involving numerous shell companies established by Yamada Taihei and his accomplices. These acts may be connected to money laundering offenses derived from embezzlement and other crimes. In fact, part of the funds was allegedly transferred to a bank account outside Cambodia held in the name of Yamada Taihei’s Chinese wife, Ye Jun.
In addition, Yamada Taihei is suspected of establishing multiple shell companies in Malaysia, Singapore, Japan, and Cambodia, by appointing nominees to act as company representatives instead of using his own name. However, all bank accounts and financial transactions of these companies were allegedly controlled and managed directly by Yamada Taihei himself.
In Cambodia, Yamada Taihei, together with his accomplices, has been charged by the Prosecutor’s Office in at least two separate criminal cases, and numerous assets and bank accounts have been frozen pursuant to court orders. Several additional cases are currently under investigation. Moreover, competent authorities and judicial bodies in several Asian countries, including China, Japan, Malaysia, Singapore, Hong Kong, and the United States are reportedly conducting investigation into Yamada Taihei in connection with alleged financial embezzlement, diversion of funds of unclear origin, document forgery, breach of trust, and money laundering offenses.
Through the letters requesting intervention and support for justice submitted to the Ministry of Justice of the Kingdom of Cambodia, the victim expresses his hope that the competent authorities, particularly courts at all levels in Cambodia, will conduct thorough and diligent investigations, fully carry out all necessary inquiry procedures, ensure justice for the victim, and guarantee that the offender is punished appropriately in accordance with the law. These requests for intervention were made amid the victim’s concerns regarding potential unlawful interference in favor of Yamada Taihei by certain influential individuals, including some judicial actors in Cambodia. Such interference could enable the accused and his accomplices to evade legal accountability, intimidate witnesses, or destroy evidence.
