I know very well Sinkies are stupid. Can you ever believe one can be this stupid ?

Singapore ties to multi-billion dollar scam case in spotlight…Gues what…it is not a CeCa​

Low De Wei and David Ramli / Bloomberg Published on Thu, Oct 16, 2025 / 04:14 PM GMT+08 / Updated 2 hours ago
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The alleged head of a Cambodian criminal ring and his associates set up a family office in Singapore that claimed to receive tax breaks, while also building relationships with firms backed by state investor Temasek Holdings and spending millions on properties in the city-state.

Chen Zhi, the chairman of Prince Holding Group, heads what US prosecutors say is one of the largest transnational criminal organisations in Asia. He and multiple associates, including three Singapore citizens, were sanctioned by US authorities Tuesday over their alleged involvement in a ring that used cryptocurrency to launder billions generated from online investment scams.

The operation allegedly used forced labour in Cambodia to emotionally manipulate thousands of victims around the world, fattening their accounts and then draining them in a practice known as “pig butchering”. Now the case is prompting authorities and firms in Singapore to review the group’s financial ties to the business hub.

Chen and key associate Chen Xiuling were involved in the setting up of single family office DW Capital Holdings in 2018, which claimed to receive a 13X tax incentive from Singapore’s financial regulator, the Monetary Authority of Singapore. Chen Zhi is its founder and chairman, according to the office’s website. Chen Xiuling has been its chief financial officer since 2021, according to a separate exchange filing.
 

Singapore ties to multi-billion dollar scam case in spotlight…Gues what…it is not a CeCa​

Low De Wei and David Ramli / Bloomberg Published on Thu, Oct 16, 2025 / 04:14 PM GMT+08 / Updated 2 hours ago
default-pic_0_207.jpg


Follow us on Facebook and join our Telegram channel for the latest updates.

The alleged head of a Cambodian criminal ring and his associates set up a family office in Singapore that claimed to receive tax breaks, while also building relationships with firms backed by state investor Temasek Holdings and spending millions on properties in the city-state.

Chen Zhi, the chairman of Prince Holding Group, heads what US prosecutors say is one of the largest transnational criminal organisations in Asia. He and multiple associates, including three Singapore citizens, were sanctioned by US authorities Tuesday over their alleged involvement in a ring that used cryptocurrency to launder billions generated from online investment scams.

The operation allegedly used forced labour in Cambodia to emotionally manipulate thousands of victims around the world, fattening their accounts and then draining them in a practice known as “pig butchering”. Now the case is prompting authorities and firms in Singapore to review the group’s financial ties to the business hub.

Chen and key associate Chen Xiuling were involved in the setting up of single family office DW Capital Holdings in 2018, which claimed to receive a 13X tax incentive from Singapore’s financial regulator, the Monetary Authority of Singapore. Chen Zhi is its founder and chairman, according to the office’s website. Chen Xiuling has been its chief financial officer since 2021, according to a separate exchange filing.
malaysian-chinese is the real evil.

Not China-chinese. Not ceca
 
many racist china-haters scum dogs and many of those Singaporeans that have direct family members that are Malaysian-chinese due to their selfish biased vested interests of having Malaysian-chinese direct family members, they always unfairly scold/curse China-Chinese and Vietnamese for committing bad acts in Singapore and very biasedly sing praises of malaysian-chinese. But the truth is Malaysian-chinese commit much more wicked crimes in Singapore compared to China-Chinese and Vietnamese.

Examples,
In Singapore's history, no China/Vietnam people had ever gangraped a Singaporean female before. But in 1989 got happen before a group of seven malaysian-chinese males gangraped a Singaporean total stranger teenage girl in a beach in singapore.

In Singapore's history, no China/Vietnam people had ever killed a child in Singapore before. But got happen before malaysian-chinese killed a child in Singapore before. Example that Took Leng How case.

In Singapore's history, no China/Vietnam male had ever committed sexual assaults on more than 10 children/teenagers before. But in year 2015 got 1 malaysian-chinese was sentenced to jail for sexually penetrating more than 10 minors under the age of 14 in singapore. Example that Yap Weng Wah case. Yap Weng Wah, a malaysian was sentenced to 30 years in prison and 24 strokes of the cane. Yap Weng Wah was convicted of 11 charges of sexually penetrating a minor below the age of 14.

In Singapore's history, NO China/vietnam/thailand woman had ever murdered her Singaporean husband for money or revenge before. NOT even once.

But got happen before malaysian-chinese woman murdered her Singaporean husband for revenge or money before. And somemore happen more than 1 time before. Example the 1984 murder case whereby a malaysian-chinese woman hired a few Thailand killers to kill her Singaporean-Chinese banker husband when her Singaporean husband was sleeping in his condominium's bedroom.

In Singapore's history, NO China/Vietnam/Thailand female tenant had ever used a knife to slash her Singaporean houseowner before. NOT even once.

But got happen before more than 1 time malaysian-chinese female tenant use knife to slash her Singaporean houseowner. Example a few years ago got 1 malaysian-chinese female tenant stabbed to death her elderly Singaporean-Chinese flatowner just because the malaysian-chinese female tenant was unhappy that the elderly Singaporean flatowner wanted to increase $10 rental fee due to the malaysian tenant's bad habit of always leaving her room lights on when she sleep. that malaysian-chinese female tenant's name is woo mui mee.

And also another case whereby another malaysian-chinese female tenant left her opened can of sardines in the fridge for more than 1 day and she was angry that her Singaporean flatowner threw away her this opened canned of sardines and this malaysian-chinese female tenant took a knife to slash her Singaporean flatowner.
 
many racist china-haters scum dogs and many of those Singaporeans that have direct family members that are Malaysian-chinese due to their selfish biased vested interests of having Malaysian-chinese direct family members, they always unfairly scold/curse China-Chinese and Vietnamese for committing bad acts in Singapore and very biasedly sing praises of malaysian-chinese. But the truth is Malaysian-chinese commit much more wicked crimes in Singapore compared to China-Chinese and Vietnamese.

Examples,
In Singapore's history, no China/Vietnam people had ever gangraped a Singaporean female before. But in 1989 got happen before a group of seven malaysian-chinese males gangraped a Singaporean total stranger teenage girl in a beach in singapore.

In Singapore's history, no China/Vietnam people had ever killed a child in Singapore before. But got happen before malaysian-chinese killed a child in Singapore before. Example that Took Leng How case.

In Singapore's history, no China/Vietnam male had ever committed sexual assaults on more than 10 children/teenagers before. But in year 2015 got 1 malaysian-chinese was sentenced to jail for sexually penetrating more than 10 minors under the age of 14 in singapore. Example that Yap Weng Wah case. Yap Weng Wah, a malaysian was sentenced to 30 years in prison and 24 strokes of the cane. Yap Weng Wah was convicted of 11 charges of sexually penetrating a minor below the age of 14.

In Singapore's history, NO China/vietnam/thailand woman had ever murdered her Singaporean husband for money or revenge before. NOT even once.

But got happen before malaysian-chinese woman murdered her Singaporean husband for revenge or money before. And somemore happen more than 1 time before. Example the 1984 murder case whereby a malaysian-chinese woman hired a few Thailand killers to kill her Singaporean-Chinese banker husband when her Singaporean husband was sleeping in his condominium's bedroom.

In Singapore's history, NO China/Vietnam/Thailand female tenant had ever used a knife to slash her Singaporean houseowner before. NOT even once.

But got happen before more than 1 time malaysian-chinese female tenant use knife to slash her Singaporean houseowner. Example a few years ago got 1 malaysian-chinese female tenant stabbed to death her elderly Singaporean-Chinese flatowner just because the malaysian-chinese female tenant was unhappy that the elderly Singaporean flatowner wanted to increase $10 rental fee due to the malaysian tenant's bad habit of always leaving her room lights on when she sleep. that malaysian-chinese female tenant's name is woo mui mee.

And also another case whereby another malaysian-chinese female tenant left her opened can of sardines in the fridge for more than 1 day and she was angry that her Singaporean flatowner threw away her this opened canned of sardines and this malaysian-chinese female tenant took a knife to slash her Singaporean flatowner.
Wow…I salute to your hardwork
 
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