Cambodian PM's cousin says owned 30% of scam-linked firm
Hun To said he never managed Huione Pay and received no liquidation proceeds as the U.S. Treasury flagged the firm for laundering scam funds.
- On Wednesday, Hun To, cousin of Cambodian Prime Minister Hun Manet, confirmed he owned a 30 percent stake in Huione Pay, a digital payments platform sanctioned by the United States for laundering funds from Southeast Asia.
- The United States Treasury's Financial Crimes Enforcement Network designated the Phnom Penh-based Huione Group a "primary money-laundering concern" last year, alleging the conglomerate received at least US$4 billion in illegal proceeds from scams and cyber actors.
- Hun To stated he did not manage business operations and "never received any profits, dividends or assets from that company," while liquidator Reachs & Partners completed Huione Pay's liquidation in October 2025.
- After paying creditors, Huione Pay had a net cash balance of more than US$1.1 million, with remaining funds distributed to "actual shareholders responsible for the company's past operations," the liquidator said.
- Cambodian authorities have detained more than 13,000 foreign nationals involved in online scams since early last year, while Beijing recently extradited Huione's former chairman, Xiong, labeled a "core member" of a criminal gang.
37 Articles
37 Articles
Channel News Asia
Cambodian PM's cousin says owned 30% of scam-linked firm
A cousin of Cambodian Prime Minister Hun Manet said on Wednesday (May 6) he owned a 30 per cent stake in a digital payments platform linked to cyberscams and money laundering and sanctioned by Washington.
Cambodian PM's cousin admits stake in scams company
A cousin of Cambodian Prime Minister Hun Manet on Wednesday said he owned a 30 percent stake in a digital payments platform linked to cyberscams and money laundering and sanctioned by the United States. "I would like to inform the public that I have indeed owned 30 percent of shares in Huione Pay Plc," Hun To said in a statement. The US government last year accused Huione Group, which owned several companies offering e-commerce, payment and cryp…
Malay Mail
AlKhaleej TodayCambodian PM’s cousin admits 30pc stake in digital payment firm linked to cyberscams
PHNOM PENH, May 6 — A cousin of Cambodian Prime Minister Hun Manet said Wednesday he owned a 30 per cent stake in a digital payments platform linked to cyberscams and money laundering and sanctioned by the US.“I would like to inform the public that I have indeed owned 30 per cent of shares in HUIONE PAY PLC,” Hun To said in a statement.The US government last year accused Huione Group, which owned several companies offering e-commerce, payment an…
Cambodian PM's cousin owned 30% of scam-linked Huione Pay
The cousin of Cambodia’s Prime Minister (PM) Hun Manet has revealed that he once owned a significant stake in a payment firm linked to alleged $4 billion crypto laundering enterprise Huione Group. According to local media, a lawyer acting on behalf of Hun To released a statement today confirming that he previously held a 30% stake in Huione Pay. The firm, which acts as Huione Group’s banking arm, was sanctioned last year by the US and UK alon…
Coverage Details
Bias Distribution
- 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
