Singaporean woman linked to syndicate founded by scam kingpin Chen Zhi arrested
A Singaporean woman wanted by the police in connection with ongoing investigations into the transnational scam syndicate Prince Holding Group was arrested on Thursday (Nov 5).Karen Chen Xiuling, 44, was arrested by the police at Changi Airport pursuant to a warrant of arrest issued in connection with ongoing investigations into the transnational crime syndicate Prince Holding Group, the police said in a news release the same eveningAccording to the police, Chen was a director of several Singapore-registered companies that are believed to be beneficially owned by Chen Zhi, the founder and chairman of Prince Holding Group, including Skyline Investment Management and Capital Zone Warehousing.Police said Skyline submitted a business plan and a false agreement to JTC Corporation in September 2022 for approval to take over the lease of a property.Chen is believed to have instigated an officer of Capital Zone Warehousing to falsify the said agreement with intent to defraud.