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Cambodian Central Bank Announces Liquidation of Prince Bank
BlockBeats News, January 9 — The National Bank of Cambodia announced yesterday that Prince Bank, a subsidiary of the Prince Group, has been placed into liquidation and is no longer permitted to conduct banking operations, including accepting deposits or providing loans.
In the announcement, the National Bank of Cambodia stated that this decision was made in accordance with the laws of the Kingdom of Cambodia. The bank has appointed Morison Kak MKA Audit and Accounting Firm as the statutory liquidation entity to fully oversee the operations and asset disposal of Prince Bank.
According to the announcement, effective immediately, Prince Bank must cease all new banking activities, including but not limited to opening new accounts or depositing new funds, and must stop approving and disbursing various commercial and personal loans.
The Ministry of Interior of Cambodia confirmed that Chen Zhi and his accomplices Xu Jiliang and Shao Jihui were arrested on January 6 and deported to China. The three are suspected of involvement in large-scale transnational online fraud, with related charges filed by U.S. courts. Chen Zhi's Cambodian nationality, previously granted, was officially revoked by royal decree in December 2025.