Singapore police have seized assets worth over S$150 million belonging to Prince Group chairman Tan Chee.

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According to a report by Caixin on October 31st, following the US and UK's announcement in mid-October of charges against Chen Zhi, the head of the "Prince Group," and the seizure of approximately US$15 billion worth of Bitcoin, Singapore police announced today that they have launched an enforcement operation against Chen Zhi and his accomplices, seizing assets worth over S$150 million (approximately RMB 800 million). During the operation, Singapore police issued restraining orders for a total of six properties and various financial assets under the names of Chen Zhi and his accomplices, including bank accounts, securities accounts, and cash. Singapore police stated that Chen Zhi and his accomplices are currently not in Singapore, and the investigation is ongoing.

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