Cambodia has extradited to China a billionaire businessman accused of operating a transnational crime network, engaging in cryptocurrency fraud, human trafficking and money laundering.
At the request of Chinese authorities, Cambodia arrested three Chinese nationals – including Chen Zhi, the founder of Prince Group – and transferred them to China on Tuesday, Cambodia China Times reported on Wednesday night.
The Cambodian Ministry of Interior said in a statement that law enforcement from both countries had investigated and cooperated on the case for months.
The statement did not provide details about Chen or his alleged crimes, but said he was officially stripped of his Cambodian nationality in December in accordance with local law.
Chen, who was born in Fujian province, China in 1987, became a naturalised Cambodian citizen in 2014.
According to previous media reports, he has served as the chairman of Prince Group since 2015, overseeing operations of dozens of companies – from real estate to financial services – across more than 30 countries.
