Overview
- Taipei prosecutors detained 25 suspects and seized NT$4.5 billion in assets, including 26 luxury cars, properties and bank accounts, in a probe into money laundering and forced‑labour offences tied to the Prince Group.
- Hong Kong police froze HK$2.75 billion in cash, stocks and funds believed to be crime proceeds linked to the syndicate identified by local media as the Prince Group, with no arrests reported as investigations continue.
- Singapore authorities had already been investigating Chen Zhi and conducted an Oct 30 island‑wide operation that seized or restricted disposal of more than S$150 million in assets, while MAS identified two linked family offices and seized their tax incentives.
- U.S. actions include an indictment of Chen Zhi for wire‑fraud and money‑laundering conspiracies and sanctions that OFAC described as its largest Southeast Asia operation, with the U.K. also announcing sanctions on related individuals and entities.
- Authorities have traced and seized assets across jurisdictions, including nearly 130,000 Bitcoin valued at about US$15 billion by U.S. officials and at least 19 London properties reported in the U.K., as cross‑border investigations continue.