TechFlow news, October 23 — According to Lianhe Zaobao, the Singapore Police Force said in response to its inquiry that it has launched an investigation into the case of the "Prince Group" charged in the United States with telecom fraud and money laundering, and has contacted foreign law enforcement agencies. It is reported that Chen Zhi once held an Employment Pass issued by Singapore's Ministry of Manpower, a permit generally granted by the Singapore government to professionals, managers, and executives entering the country. He was also revealed to own a S$17 million luxury home in Singapore.
Lianhe Zaobao also pointed out that so far, statements previously published on the websites of 128 companies and 18 individuals linked to the "Prince Group"—denying involvement in money laundering and criminal activities—are now inaccessible.
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