SINGAPORE – Police on March 3 confirmed that they have issued a warrant of arrest for Singaporean Chen Xiuling, also known as Karen, in connection with a probe into <\/p>\n a transnational scam syndicate<\/p>\n <\/a>.<\/p>\n Karen, 43, is accused of looking after subsidiaries of the Prince Group in Mauritius, Taiwan and Singapore. <\/p>\n The Prince Group was identified by the authorities in Singapore and the US as a major transnational crime syndicate. Former Cambodian national Chen Zhi, who is originally from China, was <\/p>\n named as the alleged kingpin<\/p>\n <\/a>.<\/p>\n Karen was involved in at least 17 Singapore-registered firms targeted by US Treasury sanctions over links to Chen Zhi and the Prince Group, a probe which has seen the authorities in the US seize billions in bitcoin and other assets. <\/p>\n She is being investigated in Singapore for offences of instigating another person to falsify accounts, and for attempting to cheat.<\/p>\n The Straits Times understands the Singaporean woman has so far ignored requests by the authorities to return to Singapore to help with investigations into Prince Holding Group, its founder and Chairman, Chen Zhi, and his associates and related companies.<\/p>\n \u201cThe Police have also issued additional prohibition of disposal orders against three properties and eight cars as well as seized cash (in various foreign currencies), bank and securities accounts, luxury bags and watches with a total estimated value of $350 million. <\/p>\n Some of the cars seized by the police in Singapore.<\/p>\n PHOTOS: SINGAPORE POLICE FORCE<\/p>\n<\/figcaption><\/figure>\n \u201cThis brings the total value of assets seized and\/or prohibited in relation to this case to date to more than $500 million,\u201d a spokesman said. <\/p>\n In the release, police also said that they had arrested Singaporean Alan Yeo Sin Huat, a close associate of Chen Zhi, on Jan 12.<\/p>\n The 53-year-old was arrested when he returned to Singapore from Cambodia on suspicion of assisting Chen in retaining benefits of his criminal conduct under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (CDSA).<\/p>\n The US authorities had accused Yeo of working as Chen Zhi\u2019s financial assistant and wealth manager. <\/p>\n He allegedly helped with wire transfers, and coordinated with banks to manage accounts and mask Prince Group\u2019s criminal activities. <\/p>\n Yeo is the third Singaporean to be arrested in connection with the case. <\/p>\n Nigel Tang Wan Bao Nabil was <\/p>\n arrested on Dec 11, 2025<\/p>\n <\/a> over his suspected involvement in money laundering offences. <\/p>\n Tang, who was hired as the <\/p>\n captain of Chen\u2019s superyacht Nonni II<\/p>\n <\/a>, is a director in at least two firms linked to Chen Zhi \u2013 Warpcapital Yacht Management and Capital Zone Warehousing. <\/p>\n Karen, Yeo and Tang were sanctioned by the United States Treasury along with Chen Zhi on Oct 14, 2025. <\/p>\n<\/picture><\/div>