Cambodia has frozen assets worth $1bn tied to Prince Group, the company alleged to have used casinos as a front for scams. The Commission for Combating Technology-enabled Scams (CCTC) has identified 198 companies connected to Prince Group, including 98 in Cambodia and 100 overseas. CCTC investigators say the operation was led by founder Chen Zhi and associates, including Li Song, Liu Yin, Eng Dara, Eang Soklim, and Huang Ron. Authorities allege Prince Group created scam compounds, including inside unused casinos, to run industrial-scale fraud. The scams are described as being carried out by workers who were allegedly trafficked into Cambodia. The CCTC confirmed that Zhi and the named associates were arrested. Cambodia’s Interior Ministry previously said Zhi was arrested and extradited to China, and his Cambodian citizenship was revoked. The UK and US sanctioned Prince Group and Zhi, with the UK freezing assets in London including a £12m mansion and a £100m office building. The US Department of Justice described the group as a major transnational criminal organisation running “pig butchering” cryptocurrency scams. Among the assets frozen by the CCTC are buildings, casinos, thousands of real estate properties, and $300m held in bank accounts. The CCTC has begun steps to request INTERPOL Red Notices for 29 individuals who have fled the country and is working with the FBI and China’s Ministry of Public Security to strengthen the case. Separately, Cambodia says it investigated 910 locations connected to online scam activity between July 2025 and September 2026, including 28 casinos, and investigated all 195 casinos, closing 20 venues and suspending 29 licences pending further review.