Foresight News
Foresight News|11月 06, 2026 04:47
[Singapore Police Arrest Former Director of Prince Group-Related Companies, Chen Xiuling] According to Foresight News, citing Channel News Asia, Singapore police arrested 44-year-old Singaporean woman Chen Xiuling at Changi Airport on November 5. She previously served as a director of several Singapore-registered companies believed to be effectively owned by Prince Group founder Chen Zhi. The charges involve submitting false agreements to JTC Corporation in 2022 to obtain property lease approval. Police also disclosed that since June 2026, they have issued injunctions against 14 properties related to Prince Group and seized multiple bank and securities accounts, involving assets of approximately S$100 million (approximately US$78 million), bringing the total value of Prince Group's seized or restricted assets to over S$700 million.
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