Authorities in Thailand and Singapore are conducting investigations into a Cambodian real estate group known as Prince Holding Group. This follows sanctions imposed by the US and the UK on the company’s chairman due to allegations of fraud and money laundering.
Cooperation Between Countries
Thai officials have indicated that they will collaborate with US authorities to evaluate asset seizure processes and legal actions regarding the group. Surapol Prembutr, the commissioner of the Cyber Crime Investigation Bureau, has confirmed these cooperative efforts.
Ongoing Investigations in Singapore
Meanwhile, the Singapore police are actively investigating the case. They have reached out to various international authorities to strengthen the inquiry.
Key Facts
- Investigation into Prince Holding Group initiated by US and UK sanctions.
- Chairman of the company accused of fraud and money laundering.
- Thai Cyber Crime Investigation Bureau is working with US officials.
- Singapore police are coordinating with local and international entities.
As this investigation unfolds, it underscores the global nature of financial crime and highlights the collaborative efforts between nations to combat illicit activities.
