Cambodian tycoon Chen Zhi linked to scams: Authorities to seize more assets in Singapore

On Oct 14, the US and Britain announced sweeping sanctions on Cambodian businessman Chen Zhi and Prince Group, as well as their known associates.- PHNOM PENH POST/ANN

SINGAPORE: More assets in Singapore linked to Cambodian businessman Chen Zhi and his firm, Prince Group, may be seized after their existence was disclosed in a court hearing.

The Straits Times understands that the Commercial Affairs Department (CAD) is looking to seize cheques of more than $3.7 million, bonds valued at over US$200,000 (S$257,000), and security deposits worth $362,200.