Cars, properties, yacht among $150m in assets seized in raids linked to Cambodia scam syndicate Prince Group
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Six properties and various financial assets worth over $150 million were seized by police following an island-wide operation against China-born Cambodian businessman 38-year-old Chen Zhi, the founder and chairman of Prince Holding Group.Police said in a stateCars, properties, yacht among $150m in assets seized in raids linked to Cambodia scam syndicate Prince Group
Six properties and various financial assets worth over $150 million were seized by police following an island-wide operation against China-born Cambodian businessman 38-year-old Chen Zhi, the founder and chairman of Prince Holding Group.Police said in a statement on Friday (Oct 31) that the operation on Thursday (Oct 30) was in relation to alleged offences of money laundering and forgery.In a statement on Oct 14, US Department of Justice had accused Chen of being the «mastermind behind a sprawling cyber fraud empire operating under the Prince Group umbrella».Calling it a «criminal enterprise» built on human suffering, Assistant Attorney-General for National Security John Eisenberg said: «Trafficked workers were confined in prison-like compounds and forced to carry out online scams on an industrial scale, preying on thousands worldwide.» Read more
 
                












