TRANSNATIONAL CRIMINAL ORGANISATION
Prince Holding Group is one of Cambodia’s largest conglomerates and operates in various sectors, including real estate, financial services and consumer businesses.
On Oct 14, US and UK authorities sanctioned 146 “targets” linked to Prince Group, which they designated a “transnational criminal organisation” and accused it of targeting victims worldwide through online investment scams.
Three Singaporeans and 17 Singapore-registered entities are among those who have been sanctioned over their alleged links to Prince Group and Chen. One of them resigned from her role as a director at a livestreaming platform in the wake of the sanctions.
Chen, who is the group’s founding chairman, was born in China, and holds both Cambodian and British citizenship.
