Cambodia freezes nearly US$1 billion in Prince Group assets as scam crackdown intensifies

Cambodian authorities have frozen assets linked to alleged scam network Prince Group worth almost US$1 billion and are seeking INTERPOL assistance to track down 29 alleged ringleaders who have fled overseas, according to local media outlet The Phnom Penh Post . Senior Minister Chhay Sinarith, head of the Secretariat of Cambodia’s Commission for Combating Online Scams (CCOS), said investigators had identified 198 companies linked to Prince Group, including 98 registered in Cambodia and a further 100 operating overseas – part of an expanding investigation into technology-enabled fraud and money laundering within the conglomerate’s extensive corporate network.