Singapore police announce arrest of 3 linked to alleged scam syndicate

Singapore police have announced arrests of three Singaporeans as part of investigations into alleged transnational scam syndicate Prince Group and its founder and chairman, Chen Zhi, who is in Chinese detention.



Police ⁠said the three men were arrested between November 2025 and January 2026 for their swuspected involvement in money laundering offences in relation to the case.



Assets frozen include three properties, eight cars, cash in various foreign currencies, bank and securities accounts and luxury bags and watches, with ‌a total estimated value $274.49 million.



Those arrested were a director of a car leasing company and two men ​who were detained upon arrival from Cambodia.



An arrest warrant has been issued for a Singaporean woman believed to be in Cambodia, who is suspected of committing fraud.



Singapore police have so far seizedan estimated $390 million in assets relating to the case.



The ‌U.S. Justice Department in October indicted Chen for wire fraud conspiracy and money-laundering conspiracy.