The Prince Group syndicate, run by Chinese-Cambodian tycoon Chen Zhi, is accused of operating large-scale online “scam centres” that used trafficked workers to defraud victims around the world.
Hong Kong authorities said on Tuesday (Nov 4) they had frozen assets worth HK$2.75 billion (US$354 million) linked to a criminal syndicate that local media reports identified as the Prince Group run by sanctioned Chinese-Cambodian tycoon Chen Zhi.
In October, Britain and the United States sanctioned the Southeast Asia-based multinational network, which is accused of operating large-scale online “scam centres” that used trafficked workers to defraud victims around the world.
Chen, 38, was indicted by a US court on charges of wire fraud conspiracy and money laundering conspiracy.
Reuters was not able to reach Chen or a representative for comment.