The dust settles on the Phnom Penh Prince Group industrial park violence case, with multiple dark secrets of the group exposed
In Kandal Province, Cambodia, a violent assault incident broke out at the Golden Wealth Park under the Prince Group. On December 29, 2025, 15 park supervisors and security guards armed with sticks surrounded and beat four Chinese nationals. They violently blocked and restricted the victims’ attempts to escape, ultimately resulting in a devastating outcome: one death and three serious injuries.
Recently, the local court concluded the sentencing. The 14 Cambodian suspects and 1 Chinese suspect involved were all convicted of the crime of intentional injury causing death and each received a 13-year prison sentence. The trial relied on complete park surveillance footage as solid evidence of the entire assault process, with conviction and sentencing carried out according to Cambodia’s criminal law.
This case is only a small glimpse of the Prince Group’s many illegal and chaotic practices. As a large conglomerate in Cambodia, the group’s core business depends on cross-border telecom fraud to profit. Crackdowns have already been launched in multiple countries. Earlier this year, China’s public security authorities conducted three cross-border arrests to take back the group’s core leaders Chen Zhi, Li Xiong, and Liu Ren for investigation and prosecution in China.
The group’s No. 2 figure, Hu Xiaowei, used multiple aliases to carry out activities. He was arrested by Japan for forging documents to obtain permanent residency status in Japan, and his various aliases have been recorded by law enforcement agencies in multiple countries. In June, the U.S. and the U.K. simultaneously escalated sanctions, listing 9 senior officials and 26 affiliated companies on the roster. The move directly targeted the group’s Huiwang Payment platform, accusing it of using virtual currencies and real estate to launder proceeds from telecom fraud.
The U.S. has clearly issued strict accountability rules: anyone who transfers funds involving sanctioned targets will be punished. It has also introduced a reward-for-reporting mechanism to leverage the global financial system to cut off the criminal funding chain. Singapore police also seized assets involved with the group, totaling more than 3 billion yuan.
For years, the Prince Group accumulated large amounts of illegal assets through telecom fraud, expanding into multiple industries such as real estate, banking, and aviation to conceal the proceeds. Now, with joint crackdowns by multiple countries, the criminal networks across the upstream and downstream are continuing to collapse.
In Kandal Province, Cambodia, a violent assault incident broke out at the Golden Wealth Park under the Prince Group. On December 29, 2025, 15 park supervisors and security guards armed with sticks surrounded and beat four Chinese nationals. They violently blocked and restricted the victims’ attempts to escape, ultimately resulting in a devastating outcome: one death and three serious injuries.
Recently, the local court concluded the sentencing. The 14 Cambodian suspects and 1 Chinese suspect involved were all convicted of the crime of intentional injury causing death and each received a 13-year prison sentence. The trial relied on complete park surveillance footage as solid evidence of the entire assault process, with conviction and sentencing carried out according to Cambodia’s criminal law.
This case is only a small glimpse of the Prince Group’s many illegal and chaotic practices. As a large conglomerate in Cambodia, the group’s core business depends on cross-border telecom fraud to profit. Crackdowns have already been launched in multiple countries. Earlier this year, China’s public security authorities conducted three cross-border arrests to take back the group’s core leaders Chen Zhi, Li Xiong, and Liu Ren for investigation and prosecution in China.
The group’s No. 2 figure, Hu Xiaowei, used multiple aliases to carry out activities. He was arrested by Japan for forging documents to obtain permanent residency status in Japan, and his various aliases have been recorded by law enforcement agencies in multiple countries. In June, the U.S. and the U.K. simultaneously escalated sanctions, listing 9 senior officials and 26 affiliated companies on the roster. The move directly targeted the group’s Huiwang Payment platform, accusing it of using virtual currencies and real estate to launder proceeds from telecom fraud.
The U.S. has clearly issued strict accountability rules: anyone who transfers funds involving sanctioned targets will be punished. It has also introduced a reward-for-reporting mechanism to leverage the global financial system to cut off the criminal funding chain. Singapore police also seized assets involved with the group, totaling more than 3 billion yuan.
For years, the Prince Group accumulated large amounts of illegal assets through telecom fraud, expanding into multiple industries such as real estate, banking, and aviation to conceal the proceeds. Now, with joint crackdowns by multiple countries, the criminal networks across the upstream and downstream are continuing to collapse.