Why the CCP Grabbed Chen Zhi Before the US Could
(Left) A Prince Bank logo. (Right) The Prince Holding Group's headquarters in Phnom Penh, Cambodia, on Jan. 8, 2026. AFP via Getty Images, AP Photo
Premium Reports

Why the CCP Grabbed Chen Zhi Before the US Could

Chen’s sudden repatriation suggests the CCP moved urgently to keep him from falling into foreign custody.
Save
By Sean Tseng
Updated:

Chinese state television aired footage on Jan. 8 showing armed police escorting Chen Zhi into custody after Cambodia extradited him to China a day prior.

Chen, founder and chairman of Cambodia-based Prince Holding Group, was indicted by the United States in October 2025. U.S. prosecutors allege that his conglomerate is a front for multibillion-dollar online fraud schemes and money laundering operations.
AD