Tag: Temasek
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Singapore’s Role in Cambodian Pig-Buting Scam Ring Under Scrutiny: Chen Zhi’s Transnational Network
Overview: A Singapore Connection in a Global Scam Ring Singapore has found itself at the center of a multinational money‑laundering investigation that links a Cambodian criminal network to high-profile financial players in Southeast Asia. U.S. prosecutors have charged Chen Zhi, the chairman of the Prince Holding Group, with running a vast criminal operation that used…
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Singapore and Cambodia Pig-Butchering Scam Ring Ties Surface in US Sanctions Probe
Overview: A Transnational Criminal Network under Scrutiny The United States on Tuesday sanctioned Chen Zhi, the chairman of the Chinese property and investment conglomerate Prince Holding Group, and several of his associates amid allegations that they played pivotal roles in a sprawling “pig butchering” scam operation. The scheme, which has attracted attention for its use…
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Singapore Ties to Cambodian Pig-Butchering Scam Ring Under Spotlight
Unraveling a Transnational Scam Network Singapore is suddenly in the spotlight as U.S. prosecutors reveal ties between a Cambodian criminal ring and a family office operating in the city-state. The allegations center on a vast online investment scam infrastructure—often described as a pig-butchering scheme—that allegedly laundered billions of dollars using cryptocurrency. At the heart of…