Authorities in Taiwan and Singapore have stepped up measures against a suspected Cambodian criminal network
The Taipei District Prosecutors Office announced Wednesday that it has indicted 62 individuals and 13 companies and seized more than $170 million in assets linked to Prince Group, heightening global action against the Cambodia-based conglomerate accused of running extensive online fraud operations.
Included among the three principal defendants in the Taiwanese charges is Chen Zhi, the chairman of Prince Group who was extradited from Cambodia to Beijing earlier this year
Chen Zhi’s legal representatives did not respond to a request for comment before publication. The Prince Group has said allegations made by U.S. and U.K. authorities are “baseless and appear aimed at justifying the unlawful seizure of assets worth billions of dollars.”
All three principal defendants in the Taiwan case were among dozens sanctioned by the U.S. Department of the Treasury in October 2025 for involvement in the Prince Group’s alleged online fraud and human trafficking. The Treasury Department characterized the Prince Group as a major “transnational criminal organization.”
The trio are charged with presiding over an organized crime group, money laundering, falsifying documents and accounting, and profiting from illegal gambling.
Also indicted is Hu Xiaowei, an individual previously identified by Taiwanese authorities as a “second in command” at Prince Group, and whom OCCRP has revealed goes by at least three additional names, one of which has also been sanctioned by the U.S. Treasury.
Taipei prosecutors indicted Hu Xiaowei for serious money laundering offences, participating in a criminal organization and involvement in organized gambling. He did not respond to a request for comment about the Taiwanese indictment before publication. His assistant previously declined to answer a question about Hu Xiaowei’s multiple identities.
Multiple Taiwanese nationals allegedly involved in facilitating and enabling criminal activity on behalf of Prince Group were among the others indicted.
Separately, the Singapore Police Force (SPF) announced Tuesday that it had arrested three Singaporean nationals previously identified in connection with Prince Group for their alleged involvement in serious crime and corruption offences.
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The SPF also announced an arrest warrant against a defendant in the Taiwan indictment for allegedly falsifying accounts, and noted that she had left Singapore and was residing in Cambodia.
The SPF said it had seized three properties, eight cars, cash and multiple luxury items linked to the group with a combined value of over $270 million, bringing the total value of Prince Group assets seized or frozen to date to over $390 million.
The police action came as authorities in different countries work to dismantle the operations of Prince Group. In addition to the U.S., the U.K. and South Korea have announced sanctions against alleged members of the organization.
After extraditing Prince Group chairman Chen Zhi from Cambodia, China issued a February 15 deadline for suspects in the organization’s alleged crimes to surrender and confess to police in exchange for light or mitigated punishments.