Southeastasia Insider

Robert Nogacki describes it on Linkedin: "The United States District Court for the Eastern District of New York has unsealed an indictment against Chen Zhi (陳志), charging the Chinese-Cambodian businessman with orchestrating one of Asia's most sophisticated transnational criminal organizations. The indictment reveals an operation that allegedly defrauded victims globally of billions of dollars through forced-labor cryptocurrency schemes while laundering proceeds through an elaborate network of ostensibly legitimate business enterprises. Chen founded and chaired Prince Holding Group, a Cambodian conglomerate operating over one hundred business entities across more than thirty countries. While publicly presenting itself as engaged in real estate development, banking, and hospitality, federal prosecutors allege that Prince Group's core business consisted of operating forced-labor compounds throughout Cambodia executing industrial-scale "pig-butchering"...

Picture by 柳千的账号 A new city has been erected from farmers ground in the Golden Triangle Special Economic Zone (SEZ) at the Mekong river in Bokeo province in Laos. Under the guidance of Chinese Businessman Zhao Wei it has become not only a tourism and property development but especially a hub for cyberscam and money laundering among other criminal activities. How does the government of Laos react? "Asia’s Most Conspicuous Criminal Enclave" and "Transnational crime along the Mekong" : Headlines of stories published by International Crisis Group published in 2023 and 2024. These described Kings Romans casino as an "open display of money laundering". These named Zhao Wei (Chinese: 趙偉) a crime boss, the Chinese businessman holding a 99-year licence for operations in the Golden Triangle Special Economic Zone (SEZ, Chinese: 金三角经济特区) , created by the government of Laos for economic development in the northern province of Bokeo. These articles remembered, that...