["‘Prince Group’ Chen Zhi Allegedly Fell Victim to Internal Fraud in Singapore: Over 31 Million RMB Embezzled by Subordinate"] According to Red Star News, Chen Zhi, the founder of "Prince Group," was reportedly a victim of internal fraud by David Wong, the sole person in charge of a family office in Singapore. It is understood that David Wong was dismissed in July 2021, and Chen Zhi filed multiple lawsuits against him between 2021 and 2022, accusing him of embezzling 5.84 million Singapore dollars (approximately 31.91 million RMB) from his bank account. There are over 80 related legal documents. Furthermore, the Singapore government has reportedly ceased offering tax incentives to two family offices associated with the "Prince Group."