S'porean woman, 44, linked to Cambodia-based scam syndicate Prince Holding Group arrested & charged

A Singaporean woman linked to transnational scam syndicate Prince Holding Group has been arrested. 44-year-old Chen Xiuling, also known as Karen Chen, was arrested at Changi Airport on Nov. 5, the police said in a media release. She was handed two charges in court on Nov. 6: one for instigating another person to falsify accounts, and another for an attempt to cheat. According to the police, Chen was the director of several Singapore-registered companies believed to be owned by Chen Zhi, the founder and chairman of Prince Holding Group, including Skyline Investment Management Pte Ltd and Capital Zone Warehousing Pte Ltd. She allegedly submitted false documents involving these two companies. Prince Holding Group was sanctioned by the U.S. and UK in October 2025, with the U.S. designating Chen Zhi as a Specially Designated National, blocking his assets. The Singapore Police Force (SPF) then seized over S$150 million in assets linked to Prince Holding Group that same month. Chen Zhi was also caught and extradited to China at the start of 2026. The SPF has seized or frozen a total of over S$700 million in assets related to Prince Holding Group to date, according to its media release. Illicit activities The police stated on Nov. 5 that Skyline submitted a business plan and false agreement to JTC Corporation for approval to take over the lease of a property in September 2022. Chen also allegedly instigated an officer from Capital Zone Warehousing to falsify said agreement, with intent to defraud. She is also believed to have submitted the false agreement to attempt to cheat JTC Corporation. CNA reported that when Chen was charged in court on Nov. 6, the prosecution sought a six-day remand for Chen to investigate further. They argued that she would be able to communicate with other individuals linked to Prince Holding Group and ongoing investigations. Chen objected and asked to rest at home, but the judge ordered that she remain in remand. If found guilty of instigating another person to falsify accounts, Chen could be jailed for up to 10 years, fined, or both. As for the offence of attempted cheating, Chen could receive up to 10 years' imprisonment and a fine.