Singapore has seized assets worth 2.7 billion RMB from the Prince Group of Chen Zhitai

MarsBitNews · 2026-03-04T04:29:34+00:00

Singapore Police Force arrests three Singaporeans suspected of involvement in Prince Group money laundering case, and issues an arrest warrant for another woman. The total value of assets seized and prohibited from disposal has exceeded 500 million SGD, involving real estate, cars, cash, and other assets.

MarsBitNews

2026-03-04 04:29:34

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Mars Finance News: On March 4th, the Singapore Police Force announced that they had arrested three Singaporeans suspected of money laundering related to the Prince Group from November last year to January this year. They also issued an arrest warrant for another Singaporean woman, Chen Xiuling. In October 2025, the police seized or prohibited the disposal of assets worth over 150 million SGD. They also issued additional prohibitions on three properties, eight cars, and cash (including various foreign currencies), bank and securities accounts, luxury bags, and watches, with an estimated total value of 350 million SGD. To date, the total value of assets seized and/or prohibited related to this case has exceeded 500 million SGD (approximately 2.7 billion RMB).

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