Authorities said the operation targeted alleged telecom and fake investment fraud, while a Hong Kong court had earlier frozen about HK$9 billion in assets linked to Chen Zhi and 42 others.
Cambodian police raided Prince Plaza in Phnom Penh and detained more than 100 people in an investigation into alleged telecom and fake investment fraud. Those held included 82 Chinese nationals, and authorities seized 800 phones and more than 100 computers, suggesting a large-scale operation involving communications equipment and digital devices. Separately, Hong Kong’s High Court previously approved orders to freeze about HK$9 billion in assets linked to Chen Zhi and 42 other individuals, adding a cross-border legal dimension to the case.