Cambodia freezes $1B in Prince Group assets as countries split Chen Zhi's empire

Cambodia has frozen nearly $1 billion in assets tied to Prince Group after courts authorized the action, including more than $300 million in cash plus buildings, casinos, real estate parcels and movable property. The freeze follows Cambodia’s December 2025 revocation of founder Chen Zhi’s citizenship and his January 6 extradition to China; two days later, the National Bank of Cambodia ordered his lender, Prince Bank, into liquidation. Chhay Sinarith, a senior minister who heads the secretariat of Cambodia’s Commission for Combating Technology-enabled Scams, said the orders are provisional and judges will decide whether the country keeps the assets. Prince Group has denied wrongdoing.