Overview
- Taipei prosecutors detained 25 suspects and confiscated NT$4.5 billion in assets, including 26 luxury cars, properties and bank accounts, citing alleged forced‑labour scam compounds and money laundering.
- Hong Kong police froze HK$2.75 billion in cash, stocks and funds linked to a suspected syndicate identified in local media as the Prince Group, with investigations continuing and no arrests announced.
- Singapore authorities said they were already investigating Chen Zhi in 2024 and, after an Oct 30 operation, imposed prohibition orders and seized assets exceeding S$150 million, while MAS revoked tax incentives for two linked family offices.
- Chen Zhi, founder of Cambodia’s Prince Holding Group, was indicted in the U.S. on wire‑fraud and money‑laundering conspiracy charges, with authorities reporting the seizure of roughly 127,000 to 130,000 bitcoin worth about US$14–15 billion.
- U.S. and U.K. sanctions targeting Chen, Prince Group and associated entities remain in effect, Chen’s whereabouts are unknown, and agencies across multiple jurisdictions report ongoing investigations and asset‑recovery efforts.