Cambodian Prime Minister Hun Manet’s cousin, Hun To, says he owns a 30% stake in Huione Pay Plc, a digital payments platform that has been linked by US authorities to cyberscams and money laundering. Multiple reports say the US sanctioned Huione Group, the wider corporate group that owns Huione Pay and other e-commerce, payment and cryptocurrency exchange businesses, accusing it of laundering funds for criminal groups involved in scams operating from Southeast Asia. The company’s former chairman, Li Xiong, was extradited to China last month, and Chinese authorities say he played a central role in a transnational gambling and fraud syndicate, alleging multiple crimes. Separately, one outlet reports that Huione Pay’s liquidation is completed in October 2025. The liquidation process reportedly leaves hundreds of creditors without full resolution of claims. Hun To’s admission and the ongoing legal actions involving Huione’s executives place additional focus on the company’s ownership ties and the fallout for affected creditors, while authorities in the US and China continue their respective cases.
Cambodian PM’s cousin admits 30% stake in US-sanctioned Huione Pay
Cambodian Prime Minister Hun Manet’s cousin, Hun To, says he owns a 30% stake in Huione Pay Plc, a digital payments platform that has been linked by US authorities to cyberscams and money laundering....
- Hun To, a cousin of Cambodian Prime Minister Hun Manet, says he owned a 30% stake in Huione Pay Plc.
- US authorities have linked Huione Group and Huione Pay to cyberscams and money laundering and have sanctioned the group.
- Huione Group owns multiple business units, including e-commerce, payment services, and a cryptocurrency exchange.
- Li Xiong, the former chairman of Huione Group, is extradited to China, where authorities allege he was central to a transnational gambling and fraud syndicate.
- Huione Pay’s liquidation is reported as completed in October 2025, leaving many creditors affected.
PHNOM PENH — A cousin of Cambodian Prime Minister Hun Manet said Wednesday he owned a 30 percent stake in a digital payments platform linked to cyberscams and money laundering and sanctioned by Washington. 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 last month. Chinese authorities say he was central to a major transnational gambling and fraud syndicate and is suspected of multiple crimes. READ: […]...Keep on reading: Cambodian PM's cousin says owned 30% of scam-linked firm
3 months agoHun To admitted he had owned a 30% stake in Huione Pay Plc, whose liquidation was completed in October 2025, leaving hundreds of creditors in a bind.
3 months ago
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