Cambodia: EU sanctions company and its chairman for alleged role in human trafficking and scam operations
“EU Sanctions Prince Group Chairman Chen Zhi, Syndicate, Over Human Rights Violation”, 31 July 2026
The European Union has imposed new restrictive measures on Cambodia-registered conglomerate Prince Holding Group, its chairman Chen Zhi, and associated networks for running extensive human trafficking and online scam operations across Southeast Asia.
The decision issued on Thursday by the Council of the EU under its Global Human Rights Sanctions Regime stated that the multi-billion-dollar group built and operated at least 10 scam compounds throughout Cambodia. Key sites identified include Mango Park, the Golden Fortune Science and Technology Park, and the Jinbei Compound in Sihanoukville.
The EU reported that human trafficking victims lured to the compounds were held against their will and forced to conduct cryptocurrency investment scams targeting victims worldwide. Those trapped inside faced severe human rights abuses, including torture, extortion, forced prostitution, and kidnapping directed or approved by company leadership.
The report showed that Prince Holding Group associates, at Chen’s instructions, frequently used violence and coercion to achieve business outcomes and further their criminal schemes. Chen also possessed images of wounded victims of the Prince Holding Group’s violent methods.
In January, Chen was arrested and extradited to China. China’s Ministry of Public Security said his criminal network is suspected of operating casinos, fraud, illegal business activities and concealing criminal proceeds. Chinese prosecutors have since added an intentional injury charge, meaning Chen could face the death penalty if convicted.
Despite his arrest, the EU said scam compounds linked to his network continue to operate. Prince Holding Group has denied the allegations and said it intends to defend itself in all relevant jurisdictions…
The EU also said Prince Holding Group’s operations extended beyond Cambodia into neighboring Myanmar, where it allegedly established additional scam compounds through front companies…