Taipei prosecutors have charged 62 individuals linked to the Cambodia-based Prince Group fraud network, including its founder Chen Zhi. The group allegedly funneled approximately NT$108 billion (around $3.39 billion) into Taiwan through shell companies to purchase luxury homes and cars, obscuring the origins and flow of illicit funds. Authorities in Taiwan have seized over NT$55 billion in assets. Law enforcement in Singapore and Hong Kong have also detained or seized assets from individuals associated with the group.
Taipei Prosecutors Charge 62 in Cambodia Prince Group Fraud Case
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