Chen Zhi’s firm breaks silence, denies tycoon’s empire built on scam money
A Cambodian conglomerate whose founder has had more than US$15 billion of allegedly ill-gotten assets seized said it “categorically rejects” claims he amassed his fortune running an internet scam empire. A frenzy of asset confiscations in Europe, the United States and Asia has targeted Cambodia’s Prince Holding Group – with authorities alleging its founder Chen Zhi was running a transnational criminal organisation. The US Justice Department in October unsealed an indictment against the tycoon,...