Nearly $1 billion in assets linked to the fallen Prince Group have been frozen by Cambodian courts pending investigation, according to Head of the Secretariat of the Commission for Combating Cybercrime Chhay Sinarith.
Chhay said the case had been under investigation for several months because of its scale and complexity, involving an extensive network of companies operating in Cambodia and overseas.
Authorities have identified 98 related companies in Cambodia and a further 100 companies abroad. The courts are conducting proceedings into allegations of aggravated fraud and aggravated money laundering linked to the Prince Group.
Chhay identified former Prince Group chairman Chen Zhi as the alleged ringleader, accusing him and his associates of secretly carrying out cybercrime activities from various locations, including buildings and casinos operating under the Prince Group banner.
He said courts had issued arrest warrants for 32 suspects, placed four under judicial supervision and instructed authorities to continue identifying five additional suspects and tracing assets connected to the case.
Six alleged ringleaders, including Chen Zhi, Ly Song, Liv Yin, Ieng Dara, Ieng Soklim and Huang Ron, have been arrested and referred to court for further legal proceedings.
Authorities have initiated procedures to seek INTERPOL Red Notices and request mutual legal assistance for 29 other suspects believed to be residing overseas.
They are working with the United States Federal Bureau of Investigation, China’s Ministry of Public Security and other international partners to exchange information and gather evidence for court proceedings against those allegedly involved in the network.
Chhay said assets linked to the case, including buildings, casinos, thousands of real estate properties and other movable assets, are estimated to be worth nearly $1 billion.
The assets have been frozen while courts examine the legal basis and evidence for their temporary management and possible confiscation under applicable laws and procedures.
He said the government, relevant ministries, institutions, specialised units and competent authorities across the country had continued to apply stringent legal measures against technology-based fraud.
Between July 2025 and the end of September 2026, authorities filed 529 cases involving 910 locations linked to technology-based fraud, including 86 major fraud centres.
A total of 5,778 suspects, alleged organisers and accomplices of various nationalities have been indicted and detained, while investigations continue in individual cases.
Authorities are intensifying supervision and investigations into technology-based fraud linked to casino operations, treating gambling or betting conducted through technological systems as equivalent to technology-based fraud offences.
As a result, 28 casino locations suspected of involvement in criminal activity are under investigation.
Authorities have processed 22,892 foreign nationals from 40 countries who were found at operational sites. Most were identified as victims of fraud schemes or individuals who had breached immigration laws and were repatriated in accordance with immigration legislation and international humanitarian law.
Alongside efforts to combat technology-based fraud, law enforcement agencies and other competent authorities have expanded anti-money laundering measures by tracing assets believed to have been used in criminal activity or obtained through criminal proceeds.
Courts have frozen more than $300 million held in bank accounts, along with additional movable and immovable assets estimated to be worth hundreds of millions of dollars.
- Tags: Chen Zhi, scam centre
