PANews reported on November 18 that, according to Dahe News, Chen Zhi, chairman of Cambodia's "Prince Group," attempted to obtain long-term residency by establishing companies in Japan and purchased a luxury mansion in an upscale residential area of Tokyo. In recent years, the "Prince Group" has established three related companies in Japan: the consulting firm Prince Japan (established in 2023), the real estate company Canopy Sands Development Japan Co. (established in 2024), and a company Chen Zhi himself established in 2022. These companies have held seminars to promote high-end real estate projects in Cambodia, suspected of using proceeds of crime for development and money laundering through sales. The report states that Chen Zhi's initial registered address was near the headquarters of Prince Holdings Group in Phnom Penh, Cambodia, but in 2024 it was changed to a high-end apartment in Minato Ward, Tokyo. The apartment is reportedly over 150 square meters, with a monthly rent of several million yen, and some resale units have sold for over 1.6 billion yen (approximately US$10.33 million). Although Chen Zhi frequently travels to Japan, local residents have never seen him there. Previously, the U.S. Department of Justice accused Prince Group of large-scale investment fraud and money laundering, and applied to seize approximately $12 billion in Bitcoin assets held by Chen Zhi. Facing sanctions pressure, Prince Group issued a statement in November denying all allegations, claiming the investigation was baseless and questioning the U.S.'s intention to illegally seize assets. However, the U.S. and UK have jointly implemented sanctions, and other countries have also launched investigations.PANews reported on November 18 that, according to Dahe News, Chen Zhi, chairman of Cambodia's "Prince Group," attempted to obtain long-term residency by establishing companies in Japan and purchased a luxury mansion in an upscale residential area of Tokyo. In recent years, the "Prince Group" has established three related companies in Japan: the consulting firm Prince Japan (established in 2023), the real estate company Canopy Sands Development Japan Co. (established in 2024), and a company Chen Zhi himself established in 2022. These companies have held seminars to promote high-end real estate projects in Cambodia, suspected of using proceeds of crime for development and money laundering through sales. The report states that Chen Zhi's initial registered address was near the headquarters of Prince Holdings Group in Phnom Penh, Cambodia, but in 2024 it was changed to a high-end apartment in Minato Ward, Tokyo. The apartment is reportedly over 150 square meters, with a monthly rent of several million yen, and some resale units have sold for over 1.6 billion yen (approximately US$10.33 million). Although Chen Zhi frequently travels to Japan, local residents have never seen him there. Previously, the U.S. Department of Justice accused Prince Group of large-scale investment fraud and money laundering, and applied to seize approximately $12 billion in Bitcoin assets held by Chen Zhi. Facing sanctions pressure, Prince Group issued a statement in November denying all allegations, claiming the investigation was baseless and questioning the U.S.'s intention to illegally seize assets. However, the U.S. and UK have jointly implemented sanctions, and other countries have also launched investigations.