Taiwan Seizes ≈ US$146 Million in Assets in Probe of Cambodia’s Prince Holding Group

Taipei prosecutors announced on 4 November 2025 that they detained 25 suspects and seized assets valued at approximately NT$4.53 billion—equivalent to about US$146.4 million—linked to the Cambodian-based Prince Holding Group, which the U.S. Treasury Department sanctioned last month for alleged large-scale online fraud and money laundering.

The group, headed by Kingpin Chen Zhi (a China-born Cambodian tycoon), is accused of operating forced-labour “scam parks” in Cambodia and running investment frauds involving cryptocurrencies and online gambling. The proceeds were allegedly laundered through shell companies across multiple countries and disguised via purchases of luxury vehicles and high-end real estate. 

Investigators detailed key seizures in Taiwan, including 18 properties (among them 11 luxury apartments plus 48 parking spaces in Taipei’s upscale Peace Palace complex) valued at NT$3.81 billion (≈ US$123.2 million), 26 luxury vehicles (Rolls-Royce, Ferrari, Lamborghini types) worth NT$477.58 million (≈ US$15.45 million), and 60 bank accounts holding NT$235.87 million (≈ US$7.63 million). 

This action in Taiwan follows coordinated efforts in the region: in Singapore, the Singapore Police Force announced asset seizures valued at over S$150 million (≈ US$115.9 million) linked to the same group. Similarly, Hong Kong authorities have taken related action in tracing the network’s financial flows.