Singapore Seizes Alleged Scam Boss’s Assets

Singapore has seized more than S$150 million ($115 million) in assets linked to alleged money laundering and forgery in an operation involving Cambodian conglomerate Prince Holding Group and its founder Chen Zhi.

Among the assets seized were six properties and financial assets such as bank accounts, securities accounts and cash, the Singapore Police Force said on Friday. Other assets subject to so-called prohibition of disposal orders include a yacht, 11 cars and multiple bottles of liquor.