A Hong Kong court has ordered the freezing of properties and assets worth more than HK$9 billion (US$1.15 billion) held by detained Chinese-born Cambodian businessman Chen Zhi and his associated companies and individuals, the South China Morning Post has learned. A source told the SCMP on Thursday that the High Court had ordered a restriction…
PHNOM PENH, Cambodia—A gold-hued skyscraper is rising above the traffic-clogged streets of the capital city on the Mekong River. The skyscraper is being built by a company under sanctions by the U.S. Treasury Department for its alleged connection to one of hundreds of scam operations that have cropped up across Cambodia The building is already…
Recently sanctioned Chinese-Cambodian businessman Chen Zhi has been linked to a network of entities in Hong Kong, with the move triggering regulatory measures and prompting auditors and directors to quit his firms. Company documents reviewed by the Post reveal an interconnected group of firms sharing directors and addresses tied to Chen, luxury real estate and…