Why the CCP Grabbed Chen Zhi Before the US Could Chen Zhi, founder of Cambodia-based Prince Holding Group, has been extradited to China from Cambodia. The United States indicted Chen in October 2025, alleging his conglomerate is a front for extensive online fraud and money laundering. A former employee, now living in Australia under an alias, described the Prince Group as a key agent for Beijing in Southeast Asia.

• Chen Zhi, founder of Prince Holding Group, was extradited from Cambodia to China.
• The United States indicted Chen in October 2025 on charges related to alleged multibillion-dollar online fraud and money laundering.
• A former employee claims Prince Holding Group operates as a significant agent for Beijing in Cambodia and Southeast Asia.