Cambodia Freezes Nearly $1 Billion in Prince Group Assets as 198 Affiliated Companies Come to Light

According to reports from The Cambodia-China Times, a Cambodian court has frozen nearly $1 billion in assets related to the Prince Group case, including buildings, casinos, and thousands of real estate properties. Investigations also revealed that the group has 198 affiliated companies, with 98 located in Cambodia and another 100 spread across overseas jurisdictions. In addition, Ing Dara, a prominent member of the Prince Group, was arrested in Cambodia and handed over to the court for legal processing. Two other suspects, Huang Ron and Eang Soklim, have also been taken into custody; Eang Soklim is alleged to serve as the nominal head of the "Plot 8 Telecom Fraud Park" in Preah Sihanouk Province.