China’s Ministry of Public Security of the People’s Republic of China, with the support of Cambodian authorities, successfully escorted Chen Zhi (Chinese national) , the leader of a major cross-border gambling and criminal syndicate, from Phnom Penh, Cambodia, to China on Sunday. After investigation, Chen Zhi criminal group is suspected of opening a casino, fraud, illegal business, concealing the proceeds of crime and other crimes. At present, Chen Zhi has been taken compulsory measures according to law, and the related cases are under further investigation.
Chen Zhi was escorted back to China.
Cambodian news agency (AKP)7, citing a notice from the Cambodian Ministry of the Interior, said, in order to cooperate with the fight against transnational crime, at the request of Chinese authorities, Cambodia has arrested the chairman of the Cambodian Prince Holding group Chen Zhi. The arrest follows months of cooperation between Cambodian and Chinese authorities, the statement said. According to the National Bank of Cambodia 8 notice, Prince Prince of the Prince’s Bank has entered the liquidation process, was ordered to ban any banking business, including the acceptance of deposits and loans.
The announcement from Cambodia’s interior ministry said Chen’s citizenship had been revoked in December 2025. Chen was born in 1987 in China’s Fujian province and moved to Cambodia, where he founded an Internet cafe and a microfinance institution that was later transformed into a commercial bank, the daily economy said. The princeling group he founded has expanded into real estate development and casinos.
Chen was charged with wire fraud and money laundering in federal court in Brooklyn, New York, last October. The US also demanded the confiscation of 127,000 bitcoins, then valued at about $15bn, seized from the crime.
The government announced in October that it had frozen Chen’s home in north London worth about £ 12m, an office building in the City of London worth about £ 100m and a number of residential properties.
The head of the Ministry of Public Security of the People’s Republic of China said that the public security organs will make an open arrest for the first batch of key members of Chen Zhi’s criminal gang in the near future, and resolutely arrest those who are still at large.
China’s Ministry of Public Security of the People’s Republic of China cracked down on Telecom and online fraud in 2025, cracking down on 258,000 cases, a spokesman for the ministry said at a press conference Wednesday, a total of 542 people have been arrested as“Financiers”, ringleaders and backbones behind the fraud ring, and 100 fugitive“Financiers” and backbones of telecom network fraud crimes have been publicly wanted recently.