Cambodia to liquidate bank linked to accused scam boss - News Summed Up

Cambodia to liquidate bank linked to accused scam boss


Listen to this articleMotorcyclists ride past a branch of the Prince Bank in Phnom Penh on Oct 15, 2025. (Photo: AFP)A Cambodian bank founded by accused scam boss Chen Zhi, who was extradited to China after being arrested in Cambodia on Tuesday, has been ordered liquidated, the central bank said on Thursday. Prince Bank “has been placed under liquidation in accordance with the laws” of the country, the National Bank of Cambodia (NBC) said in a statement. Customers who have deposits at Prince Bank “can withdraw money normally by preparing documents for withdrawal”, and borrowers “must continue to fulfill their obligations as normal”, the NBC added. Outside a Prince Bank location in the capital Phnom Penh, among 36 branches nationwide, an AFP journalist did not see any customers on Thursday morning.


Source: Bangkok Post January 08, 2026 09:21 UTC



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