Singapore Probe Into Alleged Prince Scam Ring Widens With Raid

Singapore authorities raided a car loan company that borrowed from a firm connected to Prince Holding Group, as the net widens on those linked to the alleged scam organization and its chair Chen Zhi.

The premises of Singapore-registered SRS Auto Holdings Pte. was raided by police last week, according to people familiar with the matter, who asked not to be identified disclosing sensitive information. The sole proprietor of SRS, Tan Yew Kiat, was arrested, they said.