Singapore Seizes Alleged Scam Boss’s Assets After US Charges

Bloomberg TechnologyFriday, October 31, 2025 at 7:47:01 AM
Singapore Seizes Alleged Scam Boss’s Assets After US Charges
Singapore's recent seizure of over S$150 million in assets linked to alleged money laundering and forgery marks a significant step in combating financial crime. This operation, involving the Cambodian conglomerate Prince Holding Group and its founder Chen Zhi, highlights Singapore's commitment to maintaining its reputation as a global financial hub. By taking decisive action against such activities, Singapore aims to deter future scams and reinforce trust in its financial systems.
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