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The property agent who listed the property on December 2 did not respond to ST\u2019s request for comments.<\/p>\n
Chen is also listed as a director of Supreme Cars Financial Services, Rolls Platform, and Cars and Coffee Leasing.<\/p>\n
All the firms are registered at the same 2 Jalan Kilang Barat address.<\/p>\n
Officers from SPF had moved in against Chen Zhi and his associates in Singapore, mounting an operation on Oct 30 that saw more than $150 million in assets, including luxury vehicles and a yacht, being seized or frozen.<\/p>\n
Andrew Wong<\/strong><\/p>\n The Straits Times<\/strong><\/p>\n Asia News Network<\/strong><\/p>\n \u00a0<\/p>\n Meanwhile, at least US$15 billion (S$19.4 billion) worth of Bitcoin and tens of millions in other assets, including properties in places such as London and the Pacific island of Palau, have been seized by the authorities in the US and Britain.<\/p>\n Three Singaporeans \u2013 Nigel Tang, Chen Xiuling and Alan Yeo \u2013 were sanctioned by the US authorities on Oct 14 in connection with the probe. Their assets in the US have also been blocked or frozen.<\/p>\n National Development Minister Chee Hong Tat on Nov 5 revealed that the police in Singapore were already investigating Chen Zhi and his associates prior to his indictment in the US.<\/p>\n Chee, who is also deputy chairman of the Monetary Authority of Singapore, was responding to questions in Parliament about actions taken against Chen Zhi.<\/p>\n Following the sanctions in the US and Britain, Prince Group issued a statement on Nov 11 rejecting the notion that the firm or its chairman Chen Zhi was involved in any unlawful activity.<\/p>\n The statement said the ongoing allegations against the group were \u201cbaseless\u201d and appeared to be aimed at justifying the seizure of assets worth billions of dollars.<\/p>\n Chen Zhi\u2019s whereabouts are currently unknown, but SPF has said he is not in Singapore.<\/p>\n
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