UK authorities have frozen a London mansion valued at RMB 170 million and luxury watches registered under Li Tian, treasurer of Cambodia’s Prince Group. This action follows the earlier freezing of properties belonging to group founder Chen Zhi and associate Hu Xiaowei as part of an ongoing asset tracing investigation into suspected transnational online fraud and money laundering.
The U.S. Treasury Department sanctioned Prince Group and associated personnel in October 2025, identifying Li Tian as a close associate of Chen Zhi responsible for managing illegal fund operations and large-scale cash smuggling. The latest UK asset freezes mark further progress in international efforts to track and seize assets connected to the alleged criminal network.
UK Freezes RMB 170M Mansion and Luxury Watches Linked to Prince Group Treasurer
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