PANews
PANews|Nov 18, 2025 08:19
Chen Zhi, a member of the "Crown Prince Group," was exposed to have bought luxury homes in Japan and established three companies. The second-hand housing prices in the purchased residential areas were approximately 10.33 million US dollars According to Elephant News, Chen Zhi, the chairman of Cambodia's "Crown Prince Group", attempted to obtain long-term residency by establishing a business in Japan and purchased a luxury mansion in a high-end residential area in Tokyo. In recent years, the "Prince Group" has established three related enterprises in Japan, including the consulting company Prince Japan established in 2023, the real estate company Canopy Sands Development Japan Co. established in 2024, and the company established by Chen Zhi himself in 2022. These companies have held seminars to promote high-end real estate projects in Cambodia, suspected of using criminal proceeds to develop and launder money through sales. According to reports, Chen Zhi's initial residence was registered near the headquarters of the Crown Prince Holdings Group in Phnom Penh, Cambodia, and was changed to a high-end apartment in Minato ku, Tokyo in 2024. It is reported that the apartment covers an area of over 150 square meters, with a monthly rent of about several million yen, and some second-hand houses selling for over 1.6 billion yen (approximately 10.33 million US dollars). Although Chen Zhi often travels to Japan, local residents have never witnessed his appearance. Previously, the US Department of Justice accused the "Crown Prince Group" of large-scale investment fraud and money laundering crimes, and applied to confiscate approximately $12 billion in Bitcoin assets held by Chen Zhi. Faced with sanctions pressure, the "Crown Prince Group" denied all allegations in November, stating that the investigation was unfounded and questioning the US's intention to illegally confiscate assets. However, the United States and the United Kingdom have jointly implemented sanctions, and other countries have also launched investigations.
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