Singapore arrests 3, freezes assets worth hundreds of millions SGD in Prince Group probe
Singapore police arrested three people in connection with investigations into the Cambodia‑based Prince Group and reported freezing assets — including properties, cars and cash — valued in the hundreds of millions of Singapore dollars. The actions follow intensified multinational pressure and legal steps that have accelerated since the group's founder was detained.
Singapore law enforcement announced the arrest of three individuals linked to probes into the Prince Group and related scam networks, and said investigators had frozen assets — real estate, vehicles and cash — with an estimated value in the hundreds of millions of Singapore dollars. Authorities described the move as part of broader cross‑border enforcement coordinated with regional and international partners, following the detention and deportation of the group’s alleged founder and other key operatives. Investigators cited complex use of shell companies, nominee directors and property purchases as means to launder proceeds from online romance and investment frauds. The asset freezes aim to preserve funds for eventual forfeiture and victim compensation while criminal and civil proceedings advance. Singaporean officials also emphasised ongoing probe phases, intelligence sharing with foreign counterparts and the use of financial‑investigative tools to trace flows through banking and nonbank channels, underlining a concerted push to dismantle scam‑centre infrastructure in Southeast Asia.