Singapore, Taiwan Find $700 Million Tied to Alleged Scam Kingpin

Singapore and Taiwan authorities said they have identified more than $700 million worth of assets and illicit funds linked to alleged transnational syndicate Prince Holding Group, its founder Chen Zhi and other related people and entities, a far larger sum than previously known.

The Taipei District Prosecutors Office on Wednesday said it has concluded its probe into cases involving Cambodia-based Prince Group, which the UK and US labeled as a criminal organization and sanctioned in October. The local investigation uncovered more than NT$10.7 billion ($337 million) in laundered funds, most of which entered Taiwan through foreign currency remittances from 2016 to 2025, it said.