Singapore police seize yacht, cars, properties worth US$390 million in Prince Group probe

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 for their suspected involvement in money laundering and fraud offences in relation to the case. Each offence is punishable by imprisonment of up to 10 years, a fine or both. Assets frozen include three properti...

By Reuters