Payment Platform Group Accused of Fraud, Cambodian PM's Cousin Admits to Formerly Holding 30% Stake
Hun To, cousin of Cambodian Prime Minister Hun Manet, admitted to formerly holding a 30% stake in Huione Pay, a digital payment platform sanctioned by the U.S. The Huione Group is reportedly involved in online fraud and money laundering.
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- 📰 Published: May 6, 2026 at 14:53
- 🔍 Collected: May 6, 2026 at 15:01 (8 min after Published)
- 🤖 AI Analyzed: May 6, 2026 at 15:04 (2 min after Collected)
Central News Agency
(Central News Agency, Phnom Penh, 6th, Comprehensive Foreign Report) Cambodian Prime Minister Hun Manet's cousin, Hun To, stated today that he once held a 30% stake in the digital payment platform Huione Pay. The Huione Group is involved in online fraud and money laundering and has been sanctioned by the United States.
Agence France-Presse reported that the U.S. government last year accused the Huione Group of money laundering for a transnational criminal organization engaged in fraud in Southeast Asia. The Huione Group owns multiple companies, providing services such as e-commerce, payments, and cryptocurrency transactions, including Huione Pay.
Li Xiong, the former chairman of Huione, was extradited to China last month. Chinese authorities stated that he was a core member of the large transnational gambling and fraud group "Prince Group" and was suspected of multiple crimes. Chen Zhi, the head of the Prince Group, who was active in Cambodia, was also extradited to China this year.
Businessman Hun To stated in a statement: "I want to explain to the public that I indeed once held a 30% stake in Huione Pay company."
According to a report by the liquidation agency Reachs & Partners, Li Xiong held a 62% stake in Huione Pay, while Hun To held 30%. The report stated that the liquidation of Huione Pay was completed in October last year.
Hun To stated that he did not manage the business operations of Huione Pay and "never received any profits, dividends, or assets from this company."
Hun To also said: "I did not receive any remaining funds after the liquidation." (Compiled by Lu Ying-tzu) 1150506
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(Central News Agency, Phnom Penh, 6th, Comprehensive Foreign Report) Cambodian Prime Minister Hun Manet's cousin, Hun To, stated today that he once held a 30% stake in the digital payment platform Huione Pay. The Huione Group is involved in online fraud and money laundering and has been sanctioned by the United States.
Agence France-Presse reported that the U.S. government last year accused the Huione Group of money laundering for a transnational criminal organization engaged in fraud in Southeast Asia. The Huione Group owns multiple companies, providing services such as e-commerce, payments, and cryptocurrency transactions, including Huione Pay.
Li Xiong, the former chairman of Huione, was extradited to China last month. Chinese authorities stated that he was a core member of the large transnational gambling and fraud group "Prince Group" and was suspected of multiple crimes. Chen Zhi, the head of the Prince Group, who was active in Cambodia, was also extradited to China this year.
Businessman Hun To stated in a statement: "I want to explain to the public that I indeed once held a 30% stake in Huione Pay company."
According to a report by the liquidation agency Reachs & Partners, Li Xiong held a 62% stake in Huione Pay, while Hun To held 30%. The report stated that the liquidation of Huione Pay was completed in October last year.
Hun To stated that he did not manage the business operations of Huione Pay and "never received any profits, dividends, or assets from this company."
Hun To also said: "I did not receive any remaining funds after the liquidation." (Compiled by Lu Ying-tzu) 1150506
Choose to stand with facts, every sponsorship is the power to protect news freedom.
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The text, pictures, and videos on this website may not be reproduced, broadcast, transmitted, or used publicly without authorization.