Cambodia Freezes Nearly $1 Billion in Prince Group Assets During Expanded Scam Crackdown
Cambodia froze nearly $1B in Prince Group assets tied to alleged scams, identifying 198 linked companies. Chen Zhi and five others are arrested, with INTERPOL notices sought for 29 more. The action is part of a campaign that referred 446 cases, inspected 832 sites, and revoked or suspended 27 casino licenses.
SCCG Take — This enforcement shows authorities will seize high-value gaming and real estate assets when linked to fraud networks, pressing operators to verify separation from suspect entities.
Cambodian authorities have frozen assets linked to the Prince Group valued at nearly US$1 billion, including more than US$300 million in bank accounts. The action is part of an intensifying investigation into technology-enabled fraud and money laundering that targets the conglomerate’s corporate network.
Senior Minister Chhay Sinarith, head of the Secretariat of Cambodia’s Commission for Combating Online Scams (CCOS), said investigators identified 198 companies linked to the group, 98 registered in Cambodia and 100 operating overseas. The probe centers on Prince Group founder Chen Zhi and associates, with allegations of aggravated fraud by an organized group and aggravated money laundering. Buildings and casino premises operated by affiliated companies were allegedly used to conceal scam operations.
Prince Group Investigation and International Pursuit
Courts have issued arrest warrants for 32 individuals, with four others under judicial supervision. Six alleged ringleaders have been arrested and referred to the courts: Chen, Li Song, Liu Yin, Eng Dara, Eang Soklim and Huang Ron. Sinarith said authorities are preparing requests for INTERPOL Red Notices covering at least 29 additional individuals who fled overseas. The investigation proceeds with cooperation from the US Federal Bureau of Investigation, China’s Ministry of Public Security and other partners. Options for the frozen assets, which include buildings, casinos, thousands of real estate properties and movable assets, include temporary state administration or eventual transfer to state ownership.
Scale of Cambodia’s Broader Anti-Scam Campaign
The Prince Group matter forms part of a wider government campaign. Between July 2025 and 31 August 2026, authorities froze more than US$300 million in bank accounts linked to online scam crimes. In that period, 446 cases involving 3,927 accused individuals from 29 nationalities were referred to the courts. Officials inspected 832 suspected locations, launched enforcement at 663 of them including 86 major scam compounds, and took legal action against 27 casinos, revoking 18 licenses and suspending nine. As reported by Inside Asian Gaming, citing The Phnom Penh Post and Agence Kampuchea Presse, the effort continues to trace assets and identify further suspects.
Reporting: Inside Asian Gaming
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