The National Bank of Cambodia has ordered Prince Bank to halt all new business activities and placed it under the trusteeship and liquidation of Morisonkak MKA auditing firm. This decision follows allegations against the bank's founder, Chen Zhi, who is reportedly involved in multiple international cryptocurrency fraud cases. Despite the suspension, depositors can continue to withdraw funds as usual, while borrowers are required to maintain their loan repayments.
Cambodia's Central Bank Suspends Prince Bank Operations Amid Fraud Allegations
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