Prince Group

Prince Group, and specifically its founder and chairman Chen Zhi, are at the center of a major international investigation into alleged transnational scam operations. These operations reportedly involve forced labor compounds in Cambodia, where trafficked workers are forced to defraud victims globally through online scams, including cryptocurrency schemes. Chen Zhi has been arrested in Cambodia and extradited to China. Singapore police have seized assets worth US$390 million, including yachts, cars, and properties, as part of their probe into the Prince Group and related money laundering and fraud offenses, arresting three Singaporeans. China has also executed 11 people linked to Myanmar scam operations, highlighting the severity of the crackdown. The Chinese government is putting pressure on Cambodia to address cross-border fraud and trafficking, reflecting the international concern and the impact on Chinese nationals. Thailand has also seized over $300 million in assets and issued arrest warrants in a related cyberscam crackdown, indicating the widespread nature of these criminal networks in Southeast Asia.