Crackdown Widens on Prince Group's Sprawling Cybercrime Network
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Authorities are intensifying their crackdown on an alleged multibillion-dollar online scam empire, with Cambodian police raiding a Phnom Penh complex linked to Prince Group and a Hong Kong court freezing assets tied to its founder, Chen Zhi.
On May 16, Cambodian police and anti-cybercrime authorities raided two buildings at Phnom Penh’s Prince Plaza, The Phnom Penh Post reported. The operation detained 104 people from seven countries — including 82 Chinese and one Vietnamese national — on suspicion of directing telecom fraud. Another 21 individuals were held on suspicion of illegal detention.
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- October 2025：
- The U.K. and U.S. imposed sanctions on Hu Xiaowei.
- Early January 2026：
- Cambodian authorities revoked Chen Zhi's citizenship and repatriated him to China.
- April 2026：
- Cambodia passed an anti-scam law.
- May 14, 2026：
- Hong Kong's High Court approved a restraint order against Chen Zhi, 41 associates, and several corporate entities, freezing about HK$9 billion in assets.
- May 16, 2026：
- Cambodian police and anti-cybercrime authorities raided two buildings at Phnom Penh’s Prince Plaza, detaining 104 people.
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