TAIPEI, 4 March 2026 (The Capital Post)— Taiwanese prosecutors have charged 62 individuals linked to the Prince Group, a suspected multinational scam and money-laundering syndicate, in one of the island’s largest fraud-related crackdowns.
Authorities allege the network, led by founder Chen Zhi, operated scam centres and illicit financial schemes across borders, funnelling billions in suspected criminal proceeds into Taiwan. Prosecutors said approximately T$10.8 billion (RM1.3 billion) was channelled into the island, with more than T$5.5 billion in assets seized so far.
Investigators said the funds were used to acquire 24 properties and 35 luxury vehicles, including high-end sports cars that have since been confiscated and put up for auction.
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Chen was previously arrested in Cambodia and later deported to China. The Prince Group has denied wrongdoing in earlier statements.
Taiwanese authorities said the case reflects broader regional efforts to dismantle transnational scam networks and disrupt illegal financial flows that undermine economic and social stability.-The Capital Post
