HK police freeze $2.75bn linked to alleged transnational fraud kingpin Chen Zhi
發佈日期: 2025-11-04 21:01
TVB News
Hong Kong police have frozen more than 2.75 billion dollars in assets tied to a suspected transnational fraud syndicate -- reportedly involving Cambodian-Chinese businessman Chen Zhi.
So far, no arrests have been made.
The 38-year-old chairman of Cambodia-based Prince Group allegedly set up large-scale scam centres and compounds in Cambodia and other locations in Southeast Asia, forcing hundreds of trafficked workers to carry out scams related to cryptocurrency investment schemes.
Chen is said to have dozens of companies across more than 30 countries and regions including two Hong Kong-listed firms.
After investigations, Hong Kong police traced funds linked to Chen and his companies and froze assets believed to be criminal proceeds linked to money laundering.
They include cash, equities and funds worth 2.75 billion Hong Kong dollars.
So far, no arrests have been made.
The crackdown follows ongoing international actions.
Earlier this year, the US and the UK jointly charged Chen over alleged fraud, money laundering and forced labour.
The maximum sentence for the crimes is 40 years in jail.
Singapore police also seized Chen's asset last Thursday, worth over 150 million Singaporean dollars or nearly 900 million Hong Kong dollars.
Thailand's authorities also began probes into locally registered Prince Group.
