"The casino in the Cambodian resort city was once emblazoned with the name Jin Bei, a company US prosecutors have accused of running scam compounds on behalf Prince Group, which an October indictment alleged was one of Asia's largest transnational criminal organisations."
"Chen's arrest this January in Cambodia has raised awkward questions about the scam industry's alleged ties to the country's political elite, and about the integrity of a crackdown on compounds predicated on human trafficking, forced labour and violence."
"The recent allegations are baseless and appear aimed at justifying the unlawful seizure of assets worth billions of dollars. Nonetheless, these unfounded allegations, amplified by media reports repeating these and other unverified claims, have caused undue harm to thousands of innocent employees, partners, and communities."
Prince Group, once a prominent Cambodian conglomerate founded by Chinese businessman Chen Zhi, has experienced a dramatic downfall. The company operated casinos in Sihanoukville, including the Jin Bei casino, which now sits shuttered under renovation. US prosecutors indicted Prince Group as part of Asia's largest transnational criminal organizations, alleging involvement in scam compounds featuring human trafficking, forced labor, and violence. Chen Zhi's arrest in January raised significant questions about the scam industry's connections to Cambodia's political leadership and the legitimacy of enforcement actions. Prince Group denies all allegations, claiming they are baseless and aimed at justifying asset seizures worth billions of dollars, asserting the group remains committed to integrity and responsible investment.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]