Hong Kong High Court Freezes 89.38 Billion HKD in Assets of Prince Group's Chen Zhi and Others

Odaily Odaily reports that in May, the Hong Kong High Court approved an application from the Department of Justice, issuing a restraint order against 42 individuals and companies, including Chen Zhi, the founder of the Prince Group, which is suspected of operating scam centers in Cambodia. The order freezes total assets worth 89.38 billion HKD. The frozen assets include deposits in bank and securities accounts, stocks, and properties.

Among them, Chen Zhi's personal assets in Hong Kong exceed 6.36 billion HKD. Zhou Yun, who assists in managing his assets, has total assets exceeding 2 billion HKD. Her personal accounts hold HKD, Euros, and Bitcoin equivalent to 15.92 million HKD. Additionally, Prince Group personnel Hu Xiaowei and Li Tian have assets of approximately 400 million HKD and 172 million HKD frozen respectively. The court will reconvene on August 3 to decide whether to extend the restraint order.