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Prince Group

Prince Group
The latest news and top stories on Prince Group.
Illustration: Craig Stephens
Cambodia

Opinion | To beat Cambodia’s scam gangs, US must work with China – not blame it

Taking down the deeply rooted, well-connected syndicates would require both Washington’s economic leverage and Beijing’s operational efforts.

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Scams and swindles

Cambodia’s high-stakes war on online scam compounds

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Cambodia

A US$19 billion scam industry is fleeing Cambodia. Where will it end up?

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Singapore

Singapore police seize US$390 million in assets in Prince Group probe

Three men, including the captain of Chen Zhi’s superyacht, have been arrested in connection with the case, police announced.

Vehicles drive past the Prince International Plaza in Phnom Penh on October 15, 2025. Photo: AFP
Cambodia

Cambodia’s Hun Manet admits scam hubs aided property but denies state profit

Scam centres are giving Cambodia a bad reputation, the prime minister says, vowing to wipe them out.

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Crime in Hong Kong

HK$261 million of frozen crime funds may take 7 years to reach Hong Kong coffers

Trials and other legal procedures must first be completed before funds can be deposited into treasury, insider says.

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Hong Kong property

Prince Jewellery director sells upscale Hong Kong flat, upgrades to duplex

Tang Yick-ki swaps his 1,019 sq ft flat in The Cullinan for a 1,593 sq ft duplex in The Waterfront.

The Cullinan in West Kowloon pictured in March 2015. Photo: SCMP
Cambodia

UK, US cybercrime cooperation ‘continues’ after Chen Zhi extradition to China

A senior Cambodian official tells SCMP that Phnom Penh is collaborating with Beijing, Washington and London in the investigations.

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China-Asean relations

Nearly 1,800 Chinese among thousands held as Cambodian police raid scam compound

Action ‘truly reflects’ that Cambodian government will never loosen crackdowns on online scammers, interior ministry spokesman says.

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China-Asean relations

Why China was so keen to get to alleged cybercrime boss Chen Zhi first

Young tycoon, who was indicted by the US in October, was extradited from Cambodia this month, accused of running a vast scam network.

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Illustration: Henry Wong
South Korea

73 South Koreans repatriated from Cambodia face online scam probe

Arriving in handcuffs, the suspects allegedly scammed fellow South Koreans out of US$33 million.

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Police officers escort South Koreans allegedly involved in scam operations in Cambodia at Incheon International Airport on Friday. Photo: Reuters
China-Asean relations

China keeps pressure on Cambodia to target cross-border fraud and trafficking

The transnational crimes are a serious barrier to deeper cooperation, Beijing’s envoy says.

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Cambodia

‘Not the end’: Cambodia keeps up scam crackdown after Chen Zhi sent to China

Phnom Penh signals zero tolerance for scam centres following the deportation of the Prince Group tycoon.

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Scams and swindles

Editorial | Regional cooperation led to arrest of alleged scam kingpin Chen Zhi

The cross-border nature of his alleged criminal network required governments and law enforcement agencies to work together.

This undated photo shows Chen Zhi (centre), who is accused of running a crime network from Cambodia, amid his extradition to China. Photo: Handout
Chen Zhi

Video | China says extradited scam suspect Chen Zhi engaged in fraud

Authorities say Chen has been taken into custody under the law and the case is under further investigation.

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Cambodia

Video | Accused scam billionaire Chen Zhi extradited to China

The founder of the Cambodia-based Prince Group was charged by the US with wire fraud and money laundering in October.

Cambodia

Cambodia dissolves accused scam tycoon Chen Zhi’s Prince Bank

The central bank said the lender has been ‘suspended from providing new banking services, including accepting deposits and providing credit’.

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Cryptocurrency

China accuses extradited billionaire Chen of running crime network from Cambodia

Beijing says mainland police will put core members of his crime ring on a wanted list and fugitives should ‘turn themselves in’.

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Chen Zhi is accused of multiple crimes, including opening a casino, fraud, illegal operations and concealing criminal proceeds, according to China’s Ministry of Public Security. Photo: Handout
Crime in Hong Kong

Chen Zhi’s Hong Kong firms rocked by resignations and frozen assets

Police freeze HK$2.75 billion in assets tied to tycoon amid probes into alleged telecoms fraud, money laundering and ‘pig butchering’ scams.

Singapore

Singapore arrests US-sanctioned yacht captain linked to tycoon Chen Zhi

Police said Nigel Tang was arrested for his ‘suspected involvement in money laundering offences’ related to the alleged scam empire boss.

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Thailand

‘Everyone gets a cut’: why Southeast Asia’s scam industry refuses to die

Authorities are seizing assets and raiding compounds, but analysts warn the clumsy crackdown is merely scattering syndicates to new hideouts.

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A woman counts US dollars and Japanese yen banknotes in Phnom Penh. Scam money’s reach extends far beyond the Mekong. Photo: AFP
South Korea

Seoul sanctions Prince Group chairman Chen Zhi in Cambodia crime crackdown

Chen Zhi, the chairman of the Prince Group, is accused of overseeing scam compounds that detained dozens of South Koreans.

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Cambodian tycoon Chen Zhi. Photo: Prince Holding Group
Singapore

Singapore deepens probe into Chen Zhi’s alleged scam empire with fresh raid

The city state’s police raided a car loan company that borrowed from a firm linked to the tycoon’s Prince Holding Group.

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Japan

Cambodian tycoon linked to scam empire owned luxury condo in Tokyo

The Prince Holding Group boss, who is accused of running a conglomerate built on cyberscam operations, visited Japan frequently.

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US-Asean relations

What US anti-scam ‘strike force’ means for Southeast Asia’s cybercrime fight

Analysts say the US initiative can serve as a coordination blueprint to push back against transnational criminal enterprises.

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US Attorney Jeanine Pirro points to a text message sent by a scammer as she announces the Scam Centre Strike Force in Washington on Wednesday. Photo: AP
Scams and swindles

Editorial | Silver lining in sprawling scam case is cross-border cooperation

The brazen criminal case involving Chen Zhi shows the importance of joint global efforts against cybercrime and transnational scams.

Motorists ride past a branch of Prince Bank in Phnom Penh on October 15. Hong Kong has joined jurisdictions like the United States, Britain and Singapore in freezing assets linked to China-born businessman Chen Zhi and Prince Group, a multinational network accused of running vast scam centre operations. Photo: AFP
Singapore

Whisky, limos, missing millions: how Chen Zhi’s Singapore empire unravelled

Court filings reveal how David Wong allegedly orchestrated an internal heist at the Prince Group boss’ Singapore family office.

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Crime in Hong Kong

Hong Kong freezes HK$2.75 billion in assets linked to accused scammer Chen Zhi

Force targets network of businessman behind Prince Group, which US authorities have designated a ‘transnational criminal organisation’.

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