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Taiwan Indicts 62 Linked to Alleged Prince Group Cyberscams, Seizes Over T$5.5 Billion

Prosecutors say about T$10.8 billion was routed into Taiwan via shell firms to buy property, vehicles and luxury goods.

Luxury cars are on display, as Taiwan auctions off luxury cars linked to the Cambodian scam centre Prince Group, in Taipei, Taiwan. REUTERS/Ann Wang

Overview

  • Taipei prosecutors filed charges against 62 individuals and 13 companies for roles they allege supported a criminal organization tied to scam centers based in Cambodia.
  • Investigators estimate roughly T$10.8 billion was remitted into Taiwan, with purchases including 24 properties, 35 vehicles and T$55.53 million in other assets.
  • Authorities say they have seized more than T$5.5 billion in local assets as part of the case.
  • Founder Chen Zhi was arrested in Cambodia and deported to China earlier this year, and his current whereabouts remain unclear.
  • The Prince Group denies wrongdoing, while U.S. authorities characterize the conglomerate as a front for multibillion‑dollar fraud and officials in Singapore and Hong Kong report related seizures or detentions.