Lok Neak Oknha Ly Yong Phat
Owner & Chairman, L.Y.P. Group; Senator · L.Y.P. Group Co., Ltd.
Source check: 04 Oct, 22:42 · periodic review overdue
Titles and public office never imply personal wealth, investment suitability or endorsement.
About
Ly Yong Phat is a Cambodian businessman associated with L.Y.P. Group and has served as a senator since 2006, according to the U.S. Treasury’s September 2024 record. A previously checked group brochure describes him as its founder and president. His business portfolio has been described as spanning agriculture, electricity, hospitality, infrastructure, real estate and media. These company descriptions are distinguished here from independently reported events. The Phnom Penh Post’s 2 December 2016 report documented LYP Group’s role in jointly organising the Cambodia-China Business Forum with China Minsheng Investment Group. It reported an agreement with SRE Group to develop Cambodia-China Friendship City on land north of Phnom Penh. The proposed development included a hotel, broadcasting studio, stadium, golf course and entertainment facilities. This was a reported development agreement and plan; it does not establish that every proposed facility was built. On 12 September 2024, the U.S. Treasury sanctioned Ly Yong Phat, L.Y.P. Group and O-Smach Resort under the Global Magnitsky framework over alleged abuses involving trafficked workers in online scam operations. The designation and allegations are attributed to that authority. The honorific displayed on this profile follows public references; no official granting decree has been checked for this directory.
Official sources
Current and former roles
| Role | Organization | Period | Source |
|---|---|---|---|
| Senator (since 2006)Public office | L.Y.P. Group Co., Ltd. | ? – present | U.S. Department of the Treasury (OFAC) press release (2024-09-04) |
| Owner & ChairmanShareholder | L.Y.P. Group Co., Ltd. | ? – present | U.S. Department of the Treasury (OFAC) press release (2024-09-04) |
| Founder & PresidentFounder | L.Y.P. Group Co., Ltd. | ? – present | L.Y.P Group (group brochure) |
Titles and government records
- Lok Neak OknhaStatus unconfirmedUnconfirmed
U.S. Department of the Treasury (OFAC) press release (2024-09-04)
Career milestones
The Phnom Penh Post reported on 2 December 2016 that LYP Group jointly organised the Cambodia-China Business Forum and agreed with SRE Group on a proposed Cambodia-China Friendship City development.
Wealth context
No independently verified public estimate available.
Wealth is never inferred from a title, company revenue, registered capital or project size.
Sources and limitations
Every claim above links to the source that supports it. See the methodology page for scope, review intervals and limitations.