Cambodia Extradites Alleged Scam Tycoon Chen Zhi to China

The Prince Group founder also faces charges in the United State related to alleged crypto fraud, human trafficking, and forced labor.

Motorists ride past a branch of the Prince Bank in Phnom Penh, Cambodia, on Oct. 15, 2025. Tang Chhin Sothy/AFP

Cambodian authorities said on Jan. 7 that they extradited a billionaire businessman to China after a joint investigation into transnational crime.

Cambodia’s Interior Ministry stated that Chen Zhi, founder and chairman of the Cambodia-based Prince Group, was among three Chinese nationals arrested on Jan. 6, according to Cambodia’s state-run news agency AKP.