Cambodia extradited Chinese-born tycoon Chen Zhi to China amid global fraud and money laundering allegations.

Cambodia has extradited Chen Zhi, a Chinese-born tycoon and former advisor to Cambodian leaders, to China following his arrest with two other Chinese nationals. The move, prompted by a request from Chinese authorities and supported by a months-long investigation, came after Cambodia revoked Chen’s citizenship in December 2025. U.S. and U.K. officials accuse Chen, chairman of the Prince Group, of leading a transnational scam network that defrauded victims globally through fake investment schemes, exploited trafficked workers, and laundered money via cryptocurrency, with U.S. authorities seizing over $14 billion in bitcoin. Sanctions and asset seizures have been imposed by multiple countries, including Singapore, Taiwan, and Hong Kong. Chen and his companies deny all allegations.