Chen founded the Prince Group, a multinational conglomerate authorities allege served as a front for ‘one of Asia’s largest transnational criminal organisations’
Chinese-born tycoon Chen Zhi, who was indicted by the US on fraud and money-laundering charges for running a multibillion-dollar online scam network from Cambodia, has been arrested there and extradited to China, Phnom Penh said.
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 US and Asia have targeted Chen’s firm, Prince Holding Group, with a frenzy of asset confiscations.
Chen founded the Prince Group, a multinational conglomerate that authorities allege served as a front for “one of Asia’s largest transnational criminal organizations,” according to the US justice department.
