Cambodia's Prince Group and Chen Zhi Sanctions
US and UK authorities have imposed sanctions on Chen Zhi, a British-Cambodian tycoon, and his company, Prince Group, accused of running cyberscam operations.
Chen Zhi, 37, was born in China and holds both British and Cambodian citizenship. He is the chairman of Prince Holding Group, one of Cambodia's largest conglomerates.
- Operates across over 30 countries
- Interests in real estate, financial services, and consumer businesses
- $2 billion in real estate investments, including Prince Plaza in Phnom Penh
Chen Zhi has been indicted in the US for allegedly running transnational fraud schemes that have netted billions of dollars, with some workers reportedly being trafficked.
Sanctions have been unveiled against Chen Zhi and Prince Group by US and UK authorities.
Author's summary: Prince Group's chairman Chen Zhi faces sanctions.