Alleged Cambodian scam kingpin with S'pore-based family office reportedly caught & extradited to China

Cambodian businessman and chairman of Cambodia-based conglomerate Prince Holding Group, Chen Zhi, has been arrested, according to media reports from Cambodia and China.

Cambodia media outlet Kiripost reported that he was arrested in Cambodia.

Chinese media also reported the arrest.

Deported to China for investigations

According to The Standard HK, Chen has been deported to China for investigations.

He was allegedly involved in large-scale fraud, money laundering, and other transnational crimes involving more than US$10 billion (S$12 billion).

Chen, who renounced his Chinese citizenship and became a Cambodian citizen in 2014, was also charged by the U.S. Department of Justice with running scam compounds in Cambodia that defrauded victims worldwide of billions in cryptocurrency.

In October 2025, the Singapore Police Force seized over S$150 million in assets tied to Chen and his company, Prince Holding Group, in relation to money laundering and forgery offences.

They seized and issued prohibition of disposal orders against six properties and various financial assets, including bank accounts, securities accounts and cash, SPF said in a press release on Oct. 31.

Top photos via Prince Holdings