Chen Zhi, chairman of Cambodia's Prince Group, has reportedly purchased a luxury mansion in Tokyo and established three companies in Japan, aiming for long-term residency. The companies, including Prince Japan and Canopy Sands Development Japan Co., have been involved in promoting Cambodian real estate projects. Allegations suggest these activities may be linked to money laundering and investment fraud.
The U.S. Department of Justice has accused Prince Group of large-scale investment fraud and money laundering, seeking to seize $12 billion in Bitcoin assets from Chen Zhi. Despite these allegations, Prince Group has denied any wrongdoing, questioning the legitimacy of the U.S. investigation. Meanwhile, the U.S. and UK have imposed sanctions, prompting further international scrutiny.
Prince Group's Chen Zhi Buys Tokyo Mansion Amid Legal Scrutiny
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