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Singapore

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Asian Authorities Crack Down on Cybercrime Empire and Seize Assets

Originally Published 2 months ago — by AP News

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Source: AP News

Prosecutors across Taiwan, Singapore, and Hong Kong have seized hundreds of millions of dollars in assets from Chen Zhi, a Cambodian businessman accused by U.S. authorities of leading a global cyber-scam syndicate that defrauded victims worldwide, with investigations revealing extensive assets including luxury cars, real estate, and cash.

Legal Battles and Revival Prospects for Credit Suisse's AT1 Bonds

Originally Published 2 months ago — by Bloomberg.com

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Source: Bloomberg.com

A Singapore law firm, Drew & Napier, plans to sue the Swiss government for approximately $300 million, seeking compensation for Asian bondholders of Credit Suisse AT1 debt that was wiped out in 2023. The firm is pursuing claims based on bilateral investment treaties with Switzerland, Singapore, Japan, and Hong Kong, following a Swiss court ruling that the bond writedown was unlawful. The legal action targets the Swiss government's handling of the Credit Suisse rescue, with the process expected to take time and uncertain outcomes.

US and UK Target Prince Group and Chen Zhi in Global Crypto Scam

Originally Published 2 months ago — by Bloomberg.com

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Source: Bloomberg.com

Singapore and Thailand are investigating a Cambodian real estate group linked to US and UK sanctions on its chairman, Chen Zhi, who is accused of running a large cyber fraud empire involving Bitcoin seizures and property freezes, with authorities reviewing financial ties and potential criminal charges.

Nathan Law Denied Entry to Singapore

Originally Published 3 months ago — by AP News

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Source: AP News

Hong Kong pro-democracy activist Nathan Law, now based in London, was denied entry to Singapore while attempting to attend an event, with Singapore citing national security concerns and Law's warrant for arrest issued by Hong Kong authorities. Law suspects political motives behind the denial, which reflects ongoing tensions over Hong Kong's pro-democracy movement and China's influence.

Singapore Denies Entry to Hong Kong Pro-Democracy Activist Nathan Law

Originally Published 3 months ago — by NPR

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Source: NPR

Hong Kong pro-democracy activist Nathan Law, now based in London, was denied entry to Singapore while attempting to attend a private event, with Singapore citing national security concerns and Law's warrants issued by Hong Kong police. Law suspects political motives behind the denial amid ongoing tensions over Hong Kong's security laws.