China accuses extradited tycoon Chen Zhi of running transnational crime syndicate

China’s public security authorities said on January 8, 2026, that Prince Group founder Chen Zhi had been extradited from Cambodia and taken into custody according to the law. Chen is accused of multiple offences, including opening a casino, fraud, illegal operations and concealing criminal proceeds. Authorities said the case is under further investigation and police will soon put key members of Chen’s syndicate on a wanted list.