The Business Times

Money laundering

International

Britain seizes dinosaur bones from Singapore-based businessman Su Binghai in crime proceeds case

Motorists in Phnom Penh ride past a branch of Prince Bank, a commercial bank under Prince Holding Group. US authorities describe the conglomerate as one of Asia's largest transnational criminal organisations.
ASEAN Business

US sanctions three Singaporeans in global fraud takedown tied to Cambodian scam empire

Besides Singapore, other authorities in Asia are now probing Chen Zhi and his network.
International

Hong Kong freezes HK$2.75 billion of assets tied to Prince Group syndicate

Singapore-headquartered Khoon Group says Ang Kok Kwang and Ang Jui Khoon have resigned to “devote more time to (their) personal and other business commitments”.
Singapore

Singaporean father-son duo step down as Khoon Group directors following US sanctions over alleged cybercrime links

Anil Ambani has business interests ranging from power to defence but has seen his fortunes wane over the last two decades.
Banking & Finance

India freezes over 75 billion rupees in assets tied to Anil Ambani in bank fraud probe

Besides Singapore, other authorities in Asia are now probing Chen Zhi and his network.
Global Enterprise

How accused Prince Group founder Chen Zhi built an empire from Cambodia to London

Assets including a yacht, 11 cars and multiple bottles of liquor were also subjected to prohibition of disposal orders.
Singapore

Police seize over S$150 million cash, assets linked to Prince group in Cambodian scam

Citibank Singapore former relationship manager Wang Qiming arrives at the State Courts in Singapore, Oct 23, 2025.
Companies & Markets

Former Citi banker Wang Qiming gets longest sentence in S$3 billion money laundering scandal

Thailand's Deputy Finance Minister Vorapak Tanyawong denied allegations published in Project Brazen’s Whale Hunting newsletter, that said his wife was paid US$3 million in cryptocurrency, citing corporate filings in Singapore.
ASEAN Business

Thailand PM Anutin seeks explanation from deputy finance minister over scam link allegation

UBS is taking a more disciplined approach amid tougher rules in some jurisdictions.
Banking & Finance

UBS tightens scrutiny of client funds mainly in Singapore and Hong Kong amid regulatory pressure: sources

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