On Thursday (5 Nov), a woman named Chen Xiuling was arrested at Changi Airport for her ties to transnational scam syndicate Prince Holding Group.
The Singapore Police Force (SPF) first issued a warrant for the 44-year-old’s arrest back in March.
According to a media release from SPF, Chen was a director of several Singapore-registered companies believed to be beneficially owned by Chen Zhi, the founder and chairman of Cambodia-based company Prince Holding Group.
This included Skyline Investment Management Pte Ltd (Skyline) and Capital Zone Warehousing Pte Ltd (CZW).
In Sept 2022, Skyline submitted a business plan and a false agreement to JTC Corporation for approval to take over the lease of a property.
Chen allegedly instigated a CZW officer to falsify said agreement with intent to defraud.
She is also believed to have submitted the false agreement in an attempt to cheat JTC Corporation. Investigations into the alleged fraud are ongoing.
In a press release from March, SPF said that Chen had left Singapore before police operations began in Oct 2025 and was believed to have fled to Cambodia.
Investigations into 38-year-old Fujian-born businessman Chen Zhi and his associates began in 2024.
The police mounted island-wide enforcement operations against them in Oct 2025.
The group operated across more than 30 countries in real estate and financial services.
Over S$150 million in assets, including a yacht, 11 cars and bottles of liquor, were seized under prohibition of disposal orders.
At the time, Chen Zhi and his associates evaded arrest as they were not in Singapore.
However, in Jan 2026, Chen Zhi was reportedly arrested in Cambodia and extradited to China at the request of the Chinese authorities.
He faces several charges, including money laundering, fraud and intentional injury.
The syndicate has faced great scrutiny abroad.
On 5 Nov, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced it would be targeting the business network of Prince Group Transnational Criminal Organization (TCO).
The Treasury sought to dismantle the group’s corporate infrastructure.
In May, a Hong Kong High Court froze over US$1.15 billion (~S$1.47 billion) in assets linked to Chen Zhi and his associates.
Source: SPF
Chen Xiuling was charged in court on 6 Nov.
She faces one count of instigating another person to falsify accounts under Section 477A read with Section 109 of the Penal Code 1871.
The offence of instigation is punishable with imprisonment of up to 10 years, or with a fine, or both.
Chen also faces another count of attempting to cheat under Section 420 read with Section 511 of the same Act. This offence is punishable with imprisonment of up to 10 years, and with a fine.
Since June 2026, SPF said that they issued the additional prohibition of disposal orders against 14 properties and seized various bank and securities accounts, with a total estimated value of about S$100 million.
As of 6 Nov, the total value of assets seized and/or prohibited in relation to the Prince Holding Group exceeds S$700 million.
Also read: Bank linked to alleged Cambodia scam syndicate liquidated, S’pore court blocks bid to release funds
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Featured image adapted from Singapore Police Force.