Cambodia-based real estate conglomerate allegedly linked to illegal gambling operations

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The Cambodian-based actual property conglomerate Lixin Group has been allegedly linked with illegal gambling operations and on-line playing scams, as detailed in a report by the Organized Crime and Corruption Reporting Venture (OCCRP).

Lixin have been discovered responsible of concentrating on individuals exterior Cambodia by forcing individuals to spend money on fraudulent crypto and inventory schemes.

Lixin Group has grown into a serious conglomerate with enterprise pursuits stretching from the Mekong to the Black Sea. However proof collected by OCCRP means that it has a darker facet.https://t.co/2k8OyVpeLd

— Organized Crime and Corruption Reporting Venture (@OCCRP) January 21, 2026

In April 2025, a report from the UN Workplace claimed that there was an organized prison enterprise based mostly within the Mekong area, which was participating in each drug trafficking and, extra importantly, cyber fraud.

Sources who ready this doc then confirmed to the OCCRP that Lixin Group was the community being referred to.

Lixin denied these allegations, after all and whereas they weren’t named as a defendant on this explicit lawsuit, the corporate did funnel proceeds from their fraudulent schemes into varied actual property investments inside Cambodia.

Lixin Group deny wrongdoing in cyber fraud or unlawful playing operations

Grant Tao, a consultant of Lixin Group, claimed that the corporate was “unaware of the report” however did deny any wrongdoing.

“If the consumer confirms that BG2 within the U.N. report is alluding to Lixin Group, the consumer will contact the related U.N. departments and submit related proof to clarify the scenario and make clear the info,” he mentioned to OCCRP.

In response to the 2 court docket judgments that have been obtained by OCCRP, the Chinese language staff on the firm managed to efficiently lure victims into discussion groups.

When in these teams, others concerned within the fraud pretended to achieve success traders.

The victims who invested cash into these fraudulent crypto schemes or pretend shares noticed cash frozen or siphoned off into different avenues.

Pretend playing platforms have been additionally used as a part of the operation, with victims shedding their cash after an preliminary profitable streak acquired them hooked.

These scams have gotten increasingly considerable in Southeast Asia. Certainly, in line with a report by the United Nations, between $18 billion-$37 billion was misplaced in 2023 alone to fraudulent playing operations throughout the area. Over the previous few weeks, Cambodia handed over billionaire businessman Chen Zhi to China, the place authorities say he was behind a large rip-off operation tied to cryptocurrency schemes, unlawful playing, and even labor camps.

Featured Picture: Lixin Group through YouTube

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