Warrant of arrest issued against S’porean linked to alleged scam kingpin Chen Zhi

More than $500 million have been seized in connection with investigations linked to Chen Zhi. Read more at straitstimes.com.

SINGAPORE - Police on March 3 confirmed that they have issued a warrant of arrest for Singaporean Chen Xiuling, also known as Karen, in connection with a probe into a transnational scam syndicate.

Karen, 43, is accused of looking after subsidiaries of the Prince Group in Mauritius, Taiwan and Singapore.

The Prince Group was identified by the authorities in Singapore and the US as a major transnational crime syndicate. Former Cambodian national Chen Zhi, who is originally from China, was named as the alleged kingpin.

Karen was involved in at least 17 Singapore-registered firms targeted by US Treasury sanctions over links to Chen Zhi and the Prince Group, a probe which has seen the authorities in the US seize billions in bitcoin and other assets.

She is being investigated in Singapore for offences of instigating another person to falsify accounts, and for attempting to cheat.

The Straits Times understands the Singaporean woman has so far ignored requests by the authorities to return to Singapore to help with investigations into Prince Holding Group, its founder and Chairman, Chen Zhi, and his associates and related companies.