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.
36 Articles
36 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.
Arab News
Free Malaysia Today NewsCambodian 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.
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…
Hun To, sepupu Perdana Menteri Kamboja Hun Manet, mengakui memiliki 30 presses saham di platform pembayaran digital yang dikaitkan dengan dugaan penipuan siber scamming
Cyberscam platform: Cambodian PM's cousin says owned 30% of scam-linked firm
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