A prominent tycoon wanted by United States federal prosecutors for allegedly running one of Asia’s largest transnational criminal networks has been arrested and extradited to China, Cambodian authorities said Wednesday.
Chen Zhi, 38, a national of China and Cambodia, was extradited on Tuesday after a months-long investigation by the two countries, Cambodia’s Interior Ministry said in a statement. Chen’s Cambodian citizenship had been revoked, the ministry added.
The operation was conducted at the request of the Chinese government, the ministry said, though it is unclear what charges Chen faces in China. He was arrested alongside two other Chinese nationals.
Chen is the founder and chairman of Prince Group, which bills itself as one of Cambodia’s biggest conglomerates with investments in luxury real estate, banking services, hotels, and major construction developments.
But US federal prosecutors say his business empire was fueled by forced labor and cryptocurrency scams that conned victims the world over and at one point were allegedly earning Chen and his associates $30 million every day.
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