UK Freezes $12M London Penthouse of Alleged Prince Group Finance Chief
UK authorities froze a £8.9 million London penthouse owned by Thet Li, whom the U.S. and UK have sanctioned over alleged financial links to Cambodia’s Prince Group. Authorities accuse the group of operating large-scale online scam centers involving forced labor and money laundering. The freeze is part of a wider UK action against properties linked to Prince Group figures, including a mansion and office building tied to chairman Chen Zhi and homes associated with alleged deputy Wu An Ming. U.S. authorities are seeking forfeiture of about $14 billion in Bitcoin allegedly tied to the group, while a U.S. task force says it has seized or frozen $580 million in crypto. UK authorities are also seeking continued seizure of Li’s watches, jewelry and cash.
