Ly Yong Phat Explained

Honorific Prefix:Oknha
Ly Yong Phat
Native Name:លី យ៉ុងផាត់
Native Name Lang:km
Birth Place:Koh Kong province, Cambodia
Citizenship:Cambodia
Thailand
Office:Senator of Cambodia
Party:Cambodian People's Party
Spouse:Kim Heang
Children:Ly Yaowalak
Ly Arporn
Phat Bunhour
Primeminister:Hun Sen
Birth Name:Phat Suphapha

Oknha Ly Yong Phat (born 1958,[1] km|លី យ៉ុងផាត់,) is a Sino-Cambodian senator and businessman. He owns LYP Group, a major conglomerate in Cambodia, with interests in tobacco, electricity, casinos and tourism.[2] He has a major business presence in Koh Kong province, where he was born.[3] Yong Phat's businesses have been linked to numerous controversies, including the use of child labour, cyber scam fraud factories, and forced land evictions.[4] [5] On 6 December 2022, he was appointed as prime minister Hun Sen's personal advisor.

On 12 September 2024, the U.S. State Department announced sanctions against Ly and his businesses in connection with "serious human rights abuses related to the treatment of workers subjected to forced labour in online investment scam operations" under the Global Magnitsky Act.[6] [7]

Personal life

Hong Phat is a Chinese Cambodian. He holds dual Thai-Cambodian citizenship.[8]

He is married to Kim Heang, and has several children, including Ly Yaowalak, Phat Bunhour and Ly Arporn.[9] [10] [11] Yaowalak is married to Phu Sae Ping, the child of Kok An.[12] [13] Arporn is married to a business tycoon Seng Nhak.

Notes and References

  1. Web site: Tycoon Ly Yong Phat Appointed as PM Personal Adviser . 2023-03-10 . EAC News . en.
  2. Web site: 2011-07-13 . TOP 10 TYCOONS . 2023-03-10 . Phnom Penh Post . en.
  3. News: Hunt . Luke . 2013-02-03 . Ly Yong Phat, the King of Koh Kong . en . Bangkok Post . 2023-03-10.
  4. News: Wee . Sui-Lee . 2023-08-28 . A Global Cyber-Scam Industry Is Booming in Plain Sight in Cambodia . en-US . The New York Times . 2023-08-28 . 0362-4331.
  5. Web site: Sokchea . Meas . Opposition lawmaker lambastes Ly Yong Phat . 2023-03-10 . Phnom Penh Post . en.
  6. News: 12 September 2024 . US imposes sanctions on Cambodian businessman, entities over scam centers . 12 September 2024 . Reuters.
  7. Web site: Imposing Sanctions on Human Traffickers and Online Investment Scam Operations in Cambodia . 2024-09-12 . United States Department of State . en.
  8. Web site: Ly Yong Phat . 2023-03-10 . Media Ownership Monitor Cambodia 2017 . en.
  9. Web site: Brook . Jack . 2023-01-02 . Thai Fugitive Linked to Casino Fire Received Cambodian Citizenship, Shares Business Ties with Tycoon Ly Yong Phat . 2023-03-10 . CamboJA News . en-GB.
  10. Web site: Senator Ly Yong Phat’s Family Given Preah Sihanouk State Land for Tourism Development . 2023-03-10 . VOA . en.
  11. Web site: Sony . Ouch . 2022-12-12 . Controversial Tycoon Ly Yong Phat Elevated to Hun Sen’s Adviser, Others Promoted . 2023-03-10 . VOD . en-GB.
  12. Web site: For Richer and For Richer: CPP Scions Show off Wealth, Power in Elaborate Wedding Videos . 2023-03-10 . VOA . en.
  13. LOUGHLIN . NEIL . 2021 . Beyond Personalism: Elite Politics and Political Families in Cambodia . Contemporary Southeast Asia . 43 . 2 . 241–264 . 0129-797X.