Jho Low, Chen Zhi: Two fugitives, two ecosystems
These high-profile frauds expose an uneasy truth about financial oversight in South-east Asia
THE region’s headline-grabbing fugitives, Chen Zhi and Jho Low, represent distinct strands of the South-east Asian illicit funds story, but strip away the mind-boggling digits and complex manoeuvres, and the truth remains: opportunity outpaced oversight.
Both men exploited systemic gaps. Both are linked to staggering sums of dirty money and powerful political allies. And now, both are on the run.
China-born Cambodian Chen, 38, grew out of Cambodia’s patronage networks and the underbelly of the region’s digital scam economy. His alleged empire veers into brutal territory, on a business model allegedly built not just on financial fraud, but also on forced labour and modern-day slavery.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
