Cambodia Freezes Nearly US$1 Billion in Prince Group Assets as Scam Crackdown Intensifies
Authorities froze nearly $1 billion in Prince Group assets and sought Interpol help to track 29 alleged ringleaders abroad.
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6 Articles
Cambodia reported that it froze assets for nearly $1 billion linked to Prince Group and that it processes requests for INTERPOL Red Notifications for 29 other suspects who have fled abroad. The investigation, which includes alleged organized fraud and money laundering crimes, remains open and any final confiscation will depend on court decisions. Chen Zhi, mentioned among the alleged leaders, was extradited from Cambodia to China in January 2026.
Cambodia freezes nearly $1B in Prince Group assets as scam crackdown deepens
Cambodia has joined the international squeeze on assets tied to the Prince Group after courts authorized the country to freeze nearly $1 billion worth of assets, extending a streak of cross-border crackdowns that started after the group’s founder, Chen Zhi, was extradited to China. It is important to note that freezes are confiscations. The head...
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