According to the Cambodian newspaper 'Kampong Chnam Rae', the Anti-Corruption Authority of Cambodia (ACU) has revealed that Zhang Jian Qiang, a Chinese man known as 'Trangol' and the main culprit in the online fraud case, has been found to have used cryptocurrency to transfer large amounts of fraudulent proceeds abroad.
ACU indicated that Zhang Jianqiang had previously used the alias "Chai Youyuan" to transfer 250,605,000 USDT (approximately $205.65 million) to his overseas superiors through the "OKX Hot Wallet", which accounted for 90% of the total funds involved in the case. After obtaining these funds, they were quickly transferred abroad through cryptocurrency channels, with no amount remaining in Cambodia. The funds that remained in Cambodia were only a few tens of thousands of dollars, and once discovered, they were legally seized.
The investigation also found that Zhang Jianqiang held more than a dozen cryptocurrency accounts, which were used to pay fees to local Cambodian individuals, including immigration police officer Phip Hapheng and Riem Rum, the head of Baisha Township in Kiri Chai Province. The financial transactions were handled by Lay Sokkong, the owner of the “Sokkong 148” currency exchange store located in the Iron Bridge District of Phnom Penh. Lay Sokkong used his official bank account to transfer dollars to Riem Rum.
On the evening of September 28th, ACU further stated that the Zhang Jianqiang gang extensively used cryptocurrencies such as USDT. They exchanged these cryptocurrencies for US dollars or RMB through local currency exchangers in Cambodia, and then transferred the funds to designated accounts, thereby concealing the true source of the funds.
In terms of judicial proceedings, Lesukun’s case files were compiled and transferred to the court last week. The case involves the mayor Inlenbao covering up a criminal gang consisting of 42 fraudsters, and allowing them to use over 5 hectares of land under his name as a fraud operation site. Additionally, Jing Sushan, the former deputy police chief of Kisirago County, and Jie Shun and Jie Wenna, who are suspected of harboring criminal suspects, are also involved in this case. Currently, all the individuals involved have been brought before the court, and they are charged with crimes such as online fraud, conspiracy, and money laundering.
