Cambodia freezes nearly $1 billion in Prince Group assets, including casinos

The figures were given by Senior Minister Chhay Sinarith, permanent vice-chairman and head of the Secretariat of Cambodia’s Commission for Combating Technology-enabled Scams, in an interview with The Phnom Penh Post on October 21. Of the 198 companies investigators have tied to the group, 98 are registered in Cambodia and 100 operate overseas. According to Sinarith, the courts have ordered the freezing of more than $300 million held in bank accounts. Court orders also cover buildings, casinos, thousands of properties and a range of movable assets tied to the case, with an estimated combined value of nearly $1 billion.