Two Chinese nationals investigated for money laundering linked to Cambodia-based scam syndicate

Singapore police have named two Chinese nationals, Hu Xiaowei and Qiu Wei Ren, who are under investigation for money laundering offenses connected to the transnational scam syndicate Prince Holding Group. The investigation is part of a broader probe into the Cambodia-based group, which began in 2024 and led to island-wide operations in October 2025. The founder and chairman of Prince Holding Group, Chen Zhi, was reportedly arrested in Cambodia in January and extradited to China. Hu Xiaowei, who holds passports from Cyprus, Saint Kitts and Nevis, and Hong Kong, and Qiu Wei Ren, who holds passports from Cambodia and Saint Kitts and Nevis, had both left Singapore before the police operations commenced in October 2025 and are not currently in the country. The Singapore Police Force (SPF) announced that the total value of assets seized or prohibited in connection with the case has surpassed S$600 million (US$460 million). This includes additional prohibition of disposal orders issued since March 2026 against properties and financial assets valued at approximately S$100 million. The SPF is collaborating with international partners, including U.S. law enforcement agencies, to advance the probes into associates linked to the scam syndicate. The police stated their commitment to working with foreign counterparts to address criminal offenses associated with the Prince Holding Group. Previously, three Singaporeans were arrested between November 2025 and January 2026 on suspicion of involvement in money laundering related to the syndicate, and an arrest warrant was issued for a Singaporean woman for falsifying accounts and attempted cheating.

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Hu Xiaowei holds passports issued by Cyprus, Saint Kitts and Nevis, and Hong Kong. The police had previously seized assets held across his bank and securities accounts in Singapore in January 2026.