Chen Zhi of "Prince Group" reportedly bought a luxury house in Japan and established three companies; the second-hand housing price in the purchased community is about $10.33 million.

PANews, November 18 – According to Da Xiang News, Chen Zhi, chairman of Cambodia’s “Prince Group,” attempted to obtain long-term residency in Japan by establishing companies there and purchased a luxury residence in a high-end district of Tokyo. In recent years, “Prince Group” has established three related companies in Japan, including the consulting firm Prince Japan founded in 2023, the real estate company Canopy Sands Development Japan Co. established in 2024, and a company set up by Chen Zhi himself in 2022. These companies have held seminars to promote high-end Cambodian real estate projects, suspected of using proceeds from crime for development and laundering money through sales.

The report states that Chen Zhi’s initial registered address was near the headquarters of Prince Holding Group in Phnom Penh, Cambodia, but in 2024 it was changed to a luxury apartment in Minato-ku, Tokyo. The apartment reportedly exceeds 150 square meters, with a monthly rent of several million yen, and some second-hand units are priced at over 1.6 billion yen (approximately $10.33 million). Although Chen Zhi frequently travels to Japan, local residents have never seen him in person.

Previously, the U.S. Department of Justice accused “Prince Group” of involvement in large-scale investment fraud and money laundering crimes, and applied to confiscate about $12 billion in bitcoin assets held by Chen Zhi. Facing sanctions pressure, “Prince Group” issued a statement in November denying all allegations, claiming the related investigations were groundless and questioning the U.S. intention to illegally seize assets. However, the U.S. and U.K. have jointly imposed sanctions, and other countries have also launched investigations.