Hello and welcome to the details of Cambodian PM’s cousin admits 30pc stake in digital payment firm linked to cyberscams and now with the details
Nevin Al Sukari - Sana'a - Thai soldiers look on as Thai citizens suspected of involvement in online scams walk across the border at the Poipet international border checkpoint between Cambodia and Thailand in Banteay Meanchey province on April 30, 2026. — AFP pic
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 and cryptocurrency exchange services, including Huione Pay, of laundering funds for transnational criminal groups perpetrating scams from Southeast Asia.
Huione’s former chairman, Li Xiong, was extradited to China on April 1.
Chinese authorities say he was central to a major transnational gambling and fraud syndicate and is suspected of multiple crimes.
Li owned 62 per cent of Huione Pay’s shares, while Hun To owned 30 per cent, according to a report by liquidator Reachs & Partners.
Huione Pay’s liquidation was completed in October 2025, it said.
Hun To said he did not manage the business operations of Huione Pay and “never received any profits, dividends or assets from that company”.
Since last month, protesters have demanded the unfreezing of their accounts with the Huione platform H-Pay, previously Huione Pay, which they said have been inaccessible since December.
The National Bank of Cambodia has said the Huione platforms’ business licences have been revoked. — AFP
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