Singapore assets linked to Cambodia’s Chen Zhi and Prince Group may face further freezing
Singapore media reported that the Commercial Affairs Department was taking steps to seize assets linked to Chen Zhi and Prince Group, including cheques, bank drafts and insurance overpayments.
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As reported on December 30, assets in Singapore linked to Cambodia’s Chen Zhi and his Prince Group could again be frozen by local law-enforcement authorities in the near future.
According to Singapore media reports, the Commercial Affairs Department (CAD) is taking steps to seize a batch of assets involved in the case, including cheques worth more than S$3.7 million, bank drafts exceeding US$200,000, and approximately US$360,000 in insurance overpayments.
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