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Serious Prince Group Chen Zhi Kenna arrested by CCP!
- Thread starter Pinkieslut
- Start date
Balls shrinked?
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aiyo Chen Zhi looks like a dog now lol..... go and await your turn to be executed by the firing squad.... Chen Zhi, now no more scam calls liao leh.... I am sure alot of Sinkie Bus cannot sleep everynight now... their princes from scam compound no more singing them good night lullaby anymore lol.... KNN even a janitor in SG also win this fucking loser Chen Zhi in the game of life hands down....
- Joined
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He’s the reason why we receive so many fucking scam calls. Should cane this bastard before hanging him like a dog.
https://www.channelnewsasia.com/asia/chen-zhi-cambodia-prince-group-scam-extradited-china-5836821
Chen Zhi, the founding chairman of Cambodian conglomerate Prince Holding Group. (Image: Prince Holding Group website)
Read a summary of this article on FAST.
PHNOM PENH: Chinese-born tycoon Chen Zhi, who was indicted by the United States on fraud and money-laundering charges for running a multibillion-dollar cyberscam network from Cambodia, has been arrested there and extradited to China, Phnom Penh said Wednesday (Jan 7).
Chen allegedly directed operations of forced labour compounds across Cambodia, where trafficked workers were held in prison-like facilities surrounded by high walls and barbed wire, according to US prosecutors.
Since the US indictment and sanctions by Washington and London in October, authorities in Europe, the United States and Asia have targeted Chen's firm, Prince Holding Group, with a frenzy of asset confiscations.
Chen founded Prince Group, a multinational conglomerate that authorities say served as a front for "one of Asia's largest transnational criminal organisations," according to the US Justice Department.
Cambodian authorities "have arrested three Chinese nationals namely Chen Zhi, Xu Ji Liang, and Shao Ji Hui and extradited (them) to the People's Republic of China", the country's interior ministry said in a statement on Wednesday.
The operation was carried out on Tuesday "within the scope of cooperation in combating transnational crime" and according to a request from Chinese authorities "following several months of joint investigative cooperation", it said.
Chen's Cambodian nationality was "revoked by a Royal Decree" in December, the interior ministry added.
Chinese authorities did not immediately comment late Wednesday on Chen's arrest and extradition.
The US Justice Department also declined to comment Wednesday.
Chen was charged in absentia with wire fraud conspiracy and money laundering, after he and unnamed co-conspirators allegedly exploited forced labour to dupe would-be investors, using the proceeds to purchase yachts, jets and a Picasso painting.
He faces up to 40 years in prison if convicted in the United States on wire fraud and money laundering conspiracy charges involving approximately 127,271 bitcoin seized by Washington, worth more than US$11 billion at current prices.
Prince Group has denied the allegations.
According to the US charges, scam workers were forced - under threat of violence - to execute so-called "pig butchering" scams, cryptocurrency investment schemes that build trust with victims over time before stealing their funds.
Based on his indictment, Prince Holding Group built at least 10 compounds in Cambodia where workers - often migrants held against their will - were forced to contact thousands of victims through social media or online messaging platforms, build rapport and entice them to transfer cryptocurrency with hopes of big investment returns.
The schemes target victims worldwide, causing billions in losses. More than US$14 billion in bitcoin was seized, with FBI director Kash Patel then calling it "one of the largest financial fraud takedowns in history".
Chen's businesses were also sanctioned by US and UK authorities as part of a joint operation against a "transnational criminal organisation", and among those sanctioned were three individuals from Singapore and 17 entities registered in Singapore.
The assets included six properties, bank accounts, securities accounts and cash, among others.
Singaporean Nigel Tang Wan Bao Nabil was also arrested last month over suspected money laundering offences linked to Chen. He was reportedly the captain of a superyacht owned by Chen and was one of three Singaporeans sanctioned by the US Treasury Department for their ties to the tycoon.
In November, Hong Kong authorities said they had frozen assets worth HK$2.75 billion (US$354 million) linked to Prince Group, while Taiwanese prosecutors said they had detained 25 people and seized NT$4.5 billion (US$147.09 million) in assets tied to the group.
Its key business units are Prince Real Estate Group, Prince Huan Yu Real Estate Group and Prince Bank.
The group boasts over US$2 billion worth of projects in Cambodia, including a large shopping mall, Prince Plaza, in the capital Phnom Penh.
According to media reports, Chen also holds British citizenship.
On the company's website, Chen is described as a "respected entrepreneur and renowned philanthropist within the Cambodian business community". It stated that he takes part in various charitable activities through the group's charitable arm, Prince Foundation.
Chen has served as an adviser to Prime Minister Hun Manet and his father, former leader Hun Sen, and holds the government-bestowed honorific "Neak Oknha", meaning "prominent tycoon".
Touch Sokhak, a spokesman for the country's interior ministry, then said that Prince Group had met all legal requirements to operate in Cambodia, but Phnom Penh would cooperate if there was a formal request backed by evidence.
https://www.channelnewsasia.com/asia/chen-zhi-cambodia-prince-group-scam-extradited-china-5836821
Alleged scam kingpin Chen Zhi arrested and extradited to China, Cambodia says
Chen Zhi’s Cambodian nationality was also revoked by royal decree in December 2025, authorities said.
Chen Zhi, the founding chairman of Cambodian conglomerate Prince Holding Group. (Image: Prince Holding Group website)
Read a summary of this article on FAST.
PHNOM PENH: Chinese-born tycoon Chen Zhi, who was indicted by the United States on fraud and money-laundering charges for running a multibillion-dollar cyberscam network from Cambodia, has been arrested there and extradited to China, Phnom Penh said Wednesday (Jan 7).
Chen allegedly directed operations of forced labour compounds across Cambodia, where trafficked workers were held in prison-like facilities surrounded by high walls and barbed wire, according to US prosecutors.
Since the US indictment and sanctions by Washington and London in October, authorities in Europe, the United States and Asia have targeted Chen's firm, Prince Holding Group, with a frenzy of asset confiscations.
Chen founded Prince Group, a multinational conglomerate that authorities say served as a front for "one of Asia's largest transnational criminal organisations," according to the US Justice Department.
Cambodian authorities "have arrested three Chinese nationals namely Chen Zhi, Xu Ji Liang, and Shao Ji Hui and extradited (them) to the People's Republic of China", the country's interior ministry said in a statement on Wednesday.
The operation was carried out on Tuesday "within the scope of cooperation in combating transnational crime" and according to a request from Chinese authorities "following several months of joint investigative cooperation", it said.
Chen's Cambodian nationality was "revoked by a Royal Decree" in December, the interior ministry added.
Chinese authorities did not immediately comment late Wednesday on Chen's arrest and extradition.
The US Justice Department also declined to comment Wednesday.
Also read:
US authorities in October unsealed an indictment against Chen, a businessman accused of presiding over compounds in Cambodia where trafficked workers carried out cryptocurrency fraud schemes that have netted billions of dollars.Chen was charged in absentia with wire fraud conspiracy and money laundering, after he and unnamed co-conspirators allegedly exploited forced labour to dupe would-be investors, using the proceeds to purchase yachts, jets and a Picasso painting.
He faces up to 40 years in prison if convicted in the United States on wire fraud and money laundering conspiracy charges involving approximately 127,271 bitcoin seized by Washington, worth more than US$11 billion at current prices.
Prince Group has denied the allegations.
According to the US charges, scam workers were forced - under threat of violence - to execute so-called "pig butchering" scams, cryptocurrency investment schemes that build trust with victims over time before stealing their funds.
Based on his indictment, Prince Holding Group built at least 10 compounds in Cambodia where workers - often migrants held against their will - were forced to contact thousands of victims through social media or online messaging platforms, build rapport and entice them to transfer cryptocurrency with hopes of big investment returns.
The schemes target victims worldwide, causing billions in losses. More than US$14 billion in bitcoin was seized, with FBI director Kash Patel then calling it "one of the largest financial fraud takedowns in history".
Chen's businesses were also sanctioned by US and UK authorities as part of a joint operation against a "transnational criminal organisation", and among those sanctioned were three individuals from Singapore and 17 entities registered in Singapore.
SEIZURE OF ASSETS
The Singapore Police Force in October last year seized and issued prohibition of disposal ordersagainst financial assets worth over S$150 million (US$115 million), as part of forgery and money laundering investigations into Chen and Prince Group.The assets included six properties, bank accounts, securities accounts and cash, among others.
Singaporean Nigel Tang Wan Bao Nabil was also arrested last month over suspected money laundering offences linked to Chen. He was reportedly the captain of a superyacht owned by Chen and was one of three Singaporeans sanctioned by the US Treasury Department for their ties to the tycoon.
In November, Hong Kong authorities said they had frozen assets worth HK$2.75 billion (US$354 million) linked to Prince Group, while Taiwanese prosecutors said they had detained 25 people and seized NT$4.5 billion (US$147.09 million) in assets tied to the group.
Related:
WHO IS CHEN ZHI AND PRINCE GROUP?
The 37-year-old is the founding chairman of Prince Holding Group, which has interests in various sectors such as real estate, financial services and consumer businesses.Its key business units are Prince Real Estate Group, Prince Huan Yu Real Estate Group and Prince Bank.
The group boasts over US$2 billion worth of projects in Cambodia, including a large shopping mall, Prince Plaza, in the capital Phnom Penh.
According to media reports, Chen also holds British citizenship.
On the company's website, Chen is described as a "respected entrepreneur and renowned philanthropist within the Cambodian business community". It stated that he takes part in various charitable activities through the group's charitable arm, Prince Foundation.
Chen has served as an adviser to Prime Minister Hun Manet and his father, former leader Hun Sen, and holds the government-bestowed honorific "Neak Oknha", meaning "prominent tycoon".
Related:
When the allegations first surfaced in October, Cambodia’s government said it hoped the US and Britain had sufficient evidence in their pursuit of Chen and Prince Group.Touch Sokhak, a spokesman for the country's interior ministry, then said that Prince Group had met all legal requirements to operate in Cambodia, but Phnom Penh would cooperate if there was a formal request backed by evidence.
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wayang lah. after covering his head ccp will swap him with someone else and set him free after some cosmetic surgeries to modify his face.
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