Cambodian Courts Freeze Nearly $1 Billion in Prince Group Assets

Cambodian courts have frozen nearly $1 billion in assets tied to Prince Group, including casinos, buildings and thousands of properties, as authorities arrested three people in a case linked to scam compounds. The frozen holdings span several property types. Buildings and casinos are included, alongside thousands of real estate properties. The freeze covers both commercial venues and a large portfolio of property tied to the group. The investigation identified 198 companies linked to Prince Group. Ninety-eight are in Cambodia and 100 are overseas, a near-even split that puts slightly more than half of the associated companies outside the country.

Source: TokenPost