Chen founded multinational conglomerate Prince Group that US says is front for multibillion-dollar fraud operationChinese television has shown footage of the US-indicted tycoon Chen Zhi being escorted by armed police after his extradition to China from Cambodia, where authorities on Thursday ordered the liquidation of a bank he founded linked to a massive “scam centre” network.Chen, who chairs a conglomerate the United States says is a front for a multibillion-dollar online fraud operation, was shown in handcuffs and hooded as he was led off a plane at a Beijing airport by black-clad Swat officers, with the state broadcaster CCTV describing him as the “leader of a major transnational gambling and fraud crime syndicate”. <a href=”https://www.theguardian.com/world/2026/jan/08/alleged-scam-kingpin-chen-zhi-extradited-china-cambodia-arrest”>Continue reading…
First seen on theguardian.com
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