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The Singapore Police have seized assets belonging to the "Oath Group" Totalling Over SGD 150 Million Owned by Tan Zhi.

2 days ago

October 31st. According to Caixin's report, there is suspicion that the Prince Group in Cambodia is operating a large-scale transnational fraud syndicate. After the announcements of lawsuits by the United States and the United Kingdom against the "Prince Group" leader Chen Zhi and the seizure of his holdings of approximately $15 billion in Bitcoin in mid-October, the Singapore police today announced that they have taken enforcement actions against the Cambodian telecommunications fraud group "Prince Group" leader Chen Zhi and his associates, seizing assets worth more than 150 million SGD (about 800 million RMB). During the enforcement actions, the Singapore police issued asset freeze orders on a total of 6 properties held by Chen Zhi and his associates, as well as various financial assets such as bank accounts, securities accounts, and cash. The Singapore police stated that Chen Zhi and his associates are currently not in Singapore and the investigation is still ongoing.
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