Under Cambodian patronage, the Prince Group netted billions; Chinese courts accuse it of massive money laundering.
Cambodia's alleged scam group execs suspected of money laundering in Japan
Two senior executives of Prince Holding Group, a Cambodian conglomerate accused of being one of Asia's largest transnational criminal organizations, purchased luxury real estate in and around Tokyo in a possible money-laundering scheme, sources familiar with the matter said and official property records showed Thursday.
Prince Group
Prince Group, officially Prince Holding Group is a company based in Cambodia. Described as "one of Cambodia's largest conglomerates", the company has interests in various sectors such as real estate, financial services and airlines. In 2025, it and its chairman Chen Zhi were sanctioned by the United States and United Kingdom for their alleged role in operating scam centers and online fraud.
Who are Chen Zhi and the Prince Group, accused by the US and UK of large-scale scam operations?
US treasury department has sanctioned Chinese-born Cambodian tycoon Chen Zhi – alleged mastermind of a cyber-crime empire in south-east Asia
Cambodia's Prince Group: A business empire built on crime?
Our three part investigative series reveals a concerning blend of improbable business ventures, alleged criminality and political cronyism — charges the Prince Group denies.
Alleged scam kingpin Chen Zhi arrives in China after extradition from Cambodia
Chen founded multinational conglomerate Prince Group that US says is front for multibillion-dollar fraud operation
‘Industrial-scale scams’ and a state allegedly ‘co-opted’: What the rise and fall of the Prince group means for Cambodia
Indictment and arrest of Prince Group founder Chen Zhi has sparked questions about scam industry’s alleged ties to political elite, and integrity of government crackdown
Chairman of Prince Group Indicted for Operating Cambodian Forced Labor
An indictment was unsealed today in federal court in Brooklyn, New York, charging Cambodian national Chen Zhi, also known as Vincent, 37, the founder and chairman of Prince Holding Group (Prince Group), a multinational business conglomerate based in Cambodia, with wire fraud conspiracy and money laundering conspiracy for directing Prince Group’s operation of forced-labor scam
Cambodia Extradites Another Associate of Alleged ‘Criminal’ Conglomerate to China
Chinese state media reported the extradition of Li Xiong from Cambodia, alleging he is a “core backbone member” of the Prince Group. The Cambodia-based conglomerate has been accused of involvement in cyber-scams and human trafficking.
Cambodia Extradites Chair of Alleged ‘Criminal’ Conglomerate to China
Chen Zhi is chairman of the Prince Group, a sprawling Cambodian conglomerate the U.S. has accused of involvement in major online scam operations. He has been sent to China to face charges.
Directors of Firms Linked to Sanctioned Cambodian Conglomerate Bought Properties in Japan
Company directors connected to Cambodia’s Prince Group — which the U.S. has designated a “transnational criminal organization” — acquired luxury Tokyo properties.
Hong Kong Justice Department Applies for Order to Freeze Prince Group Assets
The Hong Kong Justice Department requested a “restraint order” on alleged Prince Group associates and companies. The U.S. and U.K. have sanctioned the Cambodian conglomerate amid allegations of cyberfraud.
Alleged Member of ‘Notorious’ Cambodian Scam Network Bought Luxury Dubai Properties
Zhu Zhongbiao was already wanted in China on charges related to money laundering. He’s now been sanctioned by both the U.K. and U.S. in their largest ever joint action to target a multi-billion online scam network based in Cambodia.
Multiple Identities Reveal Ties Between Chinese Businessman and Alleged Cambodian ‘Criminal’ Conglomerate
The U.S. sanctioned “Chen Xiao’er” for his partnership in one firm with the head of a Cambodian corporate group that allegedly ran cyber-scam operations. Reporters have now uncovered his other identities — and they show deeper connections to the conglomerate.
Executive at Alleged Cambodian ‘Criminal’ Conglomerate Bought Tokyo Mansion
Chen Bo was listed as an officer in nine sanctioned Prince Group companies. He purchased a Tokyo property just before the U.S. and U.K. imposed sanctions, alleging the Cambodian conglomerate was behind massive cyber fraud.
EXCLUSIVE: Prince Group ties risk tainting Cambodia's first US IPO
Cambodia Airlines has deep connections to the notorious multinational conglomerate
Why Cambodia deported scam boss Chen Zhi to China, not the US
On January 7, Cambodian authorities announced they had detained and deported Chen Zhi, founder and former chairman of Prince Group, a multinational
