Prince Group has received investment from and formed partnerships with several multinational firms to develop and operate hotels at the site. What scams is Prince Group accused of? They also effectively cut Prince Group off from the global financial system, since most international banks avoid transactions involving US-sanctioned parties. Officials said the arrests were made at the request of Chinese authorities “within the scope of cooperation in combating transnational crime”. Despite prosecuting lower-level Prince associates, Chinese authorities had not, until January, directly addressed the US and UK allegations against Chen.

Source: The Times January 09, 2026 11:21 UTC