Taiwan Detains 25, Seizes US$150m Tied to Suspected Scam-Centre Operator Prince Group

Taiwan arrests 25, seizes US$145m in assets from Cambodia’s Prince Group

Taiwanese investigators said Tuesday they have arrested 25 people and seized more than US$145 million in assets linked to a Cambodian conglomerate whose founder is accused of running forced labour camps. China-born Cambodian businessman Chen Zhi, chairperson of Prince Group. File photo: Prince Holding Group. It comes after the US Justice Department last month unsealed an indictment against Chen Zhi, founder of Prince Holding Group that Washingto…

Taiwan seizes NT$4.5 billion in Cambodia’s Prince Group probe

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Taiwan detains 25, seizes over $190 million tied to suspected scam-centre operator Prince Group

The assets include 26 high-end cars, properties as well as bank accounts. Read more at straitstimes.com.

Taiwan detains 25 people, seizes US$150mil tied to suspected scam-centre operator from Cambodia

Taipei prosecutors said on Tuesday they had detained 25 people and seized T$4.5 billion (US$147.09 million) in assets tied to the Prince Group, a multinational network accused of running vast scam-centre operations.

Taiwan seizes NT$4.5 billion in Cambodia's Prince Group probe

Taipei, Nov. 4 (CNA) Taipei prosecutors have detained 25 suspects and seized more than NT$4.5 billion (US$145.72 million) in assets linked to the Cambodia-based Prince Holding Group (Prince Group), which the United States sanctioned last month for transnational fraud and money laundering involving Taiwanese nationals and companies.