Singapore's Lianhe Zaobao reported on November 12 that a 44-year-old Singaporean woman, Chen Xiuling (also known as Karen Chen), involved in the Prince Group case, was granted court approval for bail of S$160,000 that day.
Chen Xiuling was arrested at Changi Airport on November 5 and made her first court appearance the following day, charged over allegations of abetting others to falsify accounts and attempted cheating. At the time, prosecutors sought to have her remanded for six days while the investigation was ongoing, and the judge approved the request. When the case returned to court on November 12, prosecutors initially planned to seek a further remand but stated in court that they no longer needed to do so and agreed to bail. The judge approved the bail application, and the case was adjourned until January 14, 2027, for further hearing.
According to the Singapore Police Force, Chen Xiuling formerly served as a director of several Singapore-based companies, including Skyline Investment Management and Capital Zone Warehousing (CZW). Police believe the ultimate beneficial owner of these companies was Prince Group founder Chen Zhi. They said that in September 2022, Skyline submitted a business plan and an allegedly false agreement to JTC Corporation, seeking to take over a property tenancy. Chen Xiuling is alleged to have abetted CZW employees in falsifying the related agreement and currently faces two criminal charges.
Separately, according to sanctions information published by the US Treasury Department in October 2025, Chen Xiuling was once responsible for overseeing Prince Group's affiliated businesses in Mauritius, Taiwan and Singapore. The Singapore Police Force said that assets worth more than S$700 million have been seized or placed under disposal restrictions in connection with the Prince Group investigation. The case has yet to conclude.
