Thailand Revokes Cambodia Senator & Conglomerate LYP Group Founder Ly Yong Phat Thailand Citizenship for Involvement in Scam Network, United States Announced Sanctions Against Ly Yong Phat in 2024 & Froze $2.1 Million Assets, Ly Yong Phat Has Dual Citizenship in Cambodia & Thailand
25th October | Hong Kong
Thailand has revoked Cambodia senator & conglomerate LYP Group founder Ly Yong Phat Thailand citizenship for involvement in scam network. In 2024, United States announced sanctions against Ly Yong Phat, and has frozen $2.1 million assets belonging to Ly Yong Phat. Ly Yong Phat has dual citizenship in Cambodia & Thailand. United States (12/9/24): “Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Cambodian businessman Ly Yong Phat (Ly), his conglomerate L.Y.P. Group Co., LTD (L.Y.P. Group), and O‑Smach Resort for their role in serious human rights abuse related to the treatment of trafficked workers subjected to forced labor in online scam centers. OFAC is also designating Cambodia-based Garden City Hotel, Koh Kong Resort, and Phnom Penh Hotel for being owned or controlled by Ly … … O-Smach Resort is owned by L.Y.P. Group, which is owned by Cambodian senator and tycoon Ly Yong Phat (Ly). For more than two years, from 2022 to 2024, O-Smach Resort has been investigated by police and publicly reported on for extensive and systemic serious human rights abuse. Victims reported being lured to O-Smach Resort with false employment opportunities, having their phones and passports confiscated upon arrival, and being forced to work scam operations. People who called for help reported being beaten, abused with electric shocks, made to pay a hefty ransom, or threatened with being sold to other online scam gangs. There have been two reports of victims jumping to their death from buildings within O‑Smach Resort. Local authorities have conducted repeated rescue missions at O-Smach Resort, including in October 2022 and March 2024, freeing victims of various nationalities, including Chinese, Indian, Indonesian, Malaysian, Singaporean, Thai, and Vietnamese. OFAC is designating Ly, L.Y.P. Group, and O-Smach Resort pursuant to Executive Order (E.O.) 13818 for being foreign persons who are responsible for or complicit in, or have directly or indirectly engaged in, serious human rights abuse. OFAC is also designating Garden City Hotel, Koh Kong Resort, and Phnom Penh Hotel for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Ly, an individual concurrently designated pursuant to E.O. 13818.”
“ Thailand Revokes Cambodia Senator & Conglomerate LYP Group Founder Ly Yong Phat Thailand Citizenship for Involvement in Scam Network, United States Announced Sanctions Against Ly Yong Phat in 2024 & Froze $2.1 Million Assets, Ly Yong Phat Has Dual Citizenship in Cambodia & Thailand “
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Thailand Revokes Cambodia Senator & Conglomerate LYP Group Founder Ly Yong Phat Thailand Citizenship for Involvement in Scam Network, United States Announced Sanctions Against Ly Yong Phat in 2024 & Froze $2.1 Million Assets, Ly Yong Phat Has Dual Citizenship in Cambodia & Thailand
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