Cambodia's 'Prince Holding Group' Female Secretary Released After Paying '7 Million KRW'

[Financial News] As Taiwanese prosecutors launched a raid on the Taiwan branch of Prince Holding Group, which is known as the mastermind behind Cambodia's notorious scam crimes, controversy has arisen after a suspect was seen smiling brightly.
According to the Central News Agency (CNA) and Liberty Times on the 7th, several individuals connected to the 'Taiwan branch' established by Prince Holding Group for money laundering, fraud, and online gambling were arrested in a large-scale operation on the 4th, but some were granted bail. Previously, Prince Holding Group had been sanctioned by the United States and the United Kingdom for conducting online financial scams, human trafficking, illegal detention, and torture in Cambodia.
Among the nine people granted bail, Liu Chunyu, the secretary to Li Tian, a close aide to Prince Holding Group Chairman Chen Zhi, was seen leaving the prosecutor's office with a bright smile and a light step, as reported by Taiwanese online news channel CTI.
Her expression quickly spread online, sparking public outrage. Internet users pointed out that the bail was only 150,000 TWD (approximately 7 million KRW). Comments included, "How can she smile like that when so many families have been destroyed?" and "Despite criminal proceeds of 4.5 billion TWD (about 200 billion KRW), the bail is only 7 million KRW."
Previously, the Taipei District Prosecutors' Office, together with the Investigation Bureau, Ministry of Justice and the Criminal Investigation Bureau, launched an investigation into Prince Holding Group and Chairman Chen Zhi.
A forced investigation was conducted into 12 related companies, including Tianshi, which has offices on the 15th and 49th floors of Taipei 101, and 11 luxury residences purchased through shell companies set up by Prince Holding Group in Taiwan.
On the 4th, authorities divided into 47 teams and simultaneously searched related locations, arresting 25 people. Among those arrested, arrest warrants were requested for five key executives of the Taiwan branch, including Wang Yutang. Visits were also prohibited.
During the raids, authorities reportedly seized 26 luxury vehicles and over 60 bank accounts with large balances, totaling 4.52766 billion TWD (approximately 211.7 billion KRW).
After the U.S. sanctions were announced, the suspects attempted to transfer ownership and relocate luxury vehicles such as Rolls-Royce, Ferrari, Lamborghini, and Porsche overnight, but were thwarted by investigators.
On the 14th of last month, the U.S. Department of the Treasury designated Prince Holding Group as a 'transnational criminal organization,' imposed 146 sanctions, and indicted Chen Zhi on charges including online financial fraud and money laundering.
hsg@fnnews.com Han Seung-gon Reporter