Two men linked to Cambodia-based scam syndicate Prince Group investigated for money laundering offences

Two men linked to Cambodia-based scam syndicate Prince Group investigated for money laundering offences Both Chinese nationals had left Singapore prior to the commencement of police operations in October 2025 and are currently not in Singapore. SINGAPORE: The police have named two Chinese nationals under investigation as part of a wider probe into transnational scam syndicate Prince Holding Group. The police said on Wednesday (Jun 23) that they are investigating Hu Xiaowei, 44, his associated company Future Oasis and Qui Wei Ren, 38, for money laundering offences. “Hu Xiaowei holds passports issued by Cyprus, Saint Kitts and Nevis, and Hong Kong. The police had previously seized assets held across his bank and securities accounts in Singapore in January 2026,” said the Singapore Police Force (SPF) in a news release. Qiu holds passports issued by Cambodia and Saint Kitts and Nevis, it added. Investigations into Cambodia-based Prince Holding Group’s founder and chairman Chen Zhi, his associates and related companies began in 2024, culminating in October 2025 when police mounted island-wide operations against them. Chen was reportedly arrested in Cambodia in January and extradited to China at the request of the Chinese authorities. “Both Hu Xiaowei and Qiu Wei Ren had left Singapore prior to the commencement of police’s operations in October 2025, and are currently not in Singapore,” said SPF. As of Wednesday, the total value of assets seized and/or prohibited in relation to the case had reached over S$600 million (US$460 million), said the police. “Since March 2026, the police have issued additional prohibition of disposal orders against three properties and various financial assets, including bank accounts, securities accounts and cash (in various foreign currencies), with a total estimated value of about S$100 million,” said SPF. SPF said it had been working actively with international partners, including US law enforcement agencies, to advance ongoing probes into associates linked to the scam syndicate. This was what led to its investigations of Qiu, it added. “The police will continue to work closely with our foreign law enforcement counterparts to act against criminal offences linked to the Prince Holding Group,” it said. Three Singaporeans were arrested between November 2025 and January 2026 on suspicion of being involved in money laundering offences related to the scam syndicate. An arrest warrant was also issued against a Singaporean woman for offences of instigating another person to falsify accounts and attempting to cheat.