Prince Holding Group

Prince Holding Group is a company whose headquarters in Phnom Penh, Cambodia, was recently identified in connection with alleged cyberscam operations. The company is newsworthy due to the extradition of Chen Zhi, a Chinese-born tycoon indicted by the US for fraud and money laundering, to China from Cambodia. Chen Zhi is accused of running a multibillion-dollar online scam network from Cambodia, allegedly directing forced labor compounds where trafficked workers were held. Cambodia's cooperation with China, the US, and the UK in this case highlights international pressure to crack down on the scam industry, which has become a significant part of Cambodia's economy. The case also underscores China's commitment to protecting its citizens abroad and punishing those involved in online fraud.