30 July 2026 , 19:47
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The European Union on Thursday imposed a new round of sanctions targeting Cambodia’s multibillion-dollar Prince Holding Group and its chairman, Chen Zhi, over their alleged involvement in large-scale cyber-scams and human trafficking.
Along with the Prince Group, the bloc designated seven individuals including Chen Zhi, and another Cambodian conglomerate it accused of developing scam compounds. The EU also sanctioned a Myanmar militia group that controls territory on the border with Thailand, where it allegedly allows criminal networks to operate scam compounds staffed by trafficked workers.
A Prince Group spokesperson previously told OCCRP the conglomerate is “innocent of the wild and unfounded accusations made by the U.S government, parroted in jurisdictions around the world.”
The measures come almost a month after the U.S. announced sweeping sanctions against nine individuals and 26 companies it says are associated with the Prince Group.
Politics Editor